Sterling Investments Limited has advised that due to delays associated with the Easter Holidays and the U.S. President`s trip to Jamaica, it has extended the closing date of its Rights Issue to April 22, 2015.
Sterling Investments Limited has advised that due to delays associated with the Easter Holidays and the U.S. President`s trip to Jamaica, it has extended the closing date of its Rights Issue to April 22, 2015.
138 Student Living Jamaica Limited signed a new Concession Agreement with the University of the West Indies Mona Campus on Friday April 10, 2015 which will see the renovation and expansion of the Gerald Lalor Flats and Irvine Hall. The Gerald Lalor Flats which were built approximately 20 years ago will be renovated and expanded and brought into operations later this year. Irvine Hall which is approximately 50 years old will be demolished, reconstructed and expanded. Both projects will result in improved accommodation and additional facilities for students on the Mona Campus. The construction value of the Concession Agreement is estimated to be $2.2 billion, which will be spent over the next 2 years, is expected to bring a further 100 jobs to the number already created for phases 1 and 2 of the initial Concession Agreement.
The Board of Directors of Dolphin Cove Limited has declared an interim dividend of $0.15 per share payable on May 11, 2015 to shareholders on record as at April 24, 2015. The ex-dividend date is April 22, 2015.
Jamaica Money Market Brokers Limited (JMMB) has advised that it has received the required approvals from the three stock exchanges on which JMMB`s ordinary shares are currently listed (i.e., the Jamaica Stock Exchange, the Barbados Stock Exchange and the Trinidad and Tobago Stock Exchange) for the implementation of the Scheme of Arrangement approved by the shareholders on September 17, 2014, and sanctioned by the Supreme Court of Judicature of Jamaica on November 5, 2014. The dates for the various activities are as follows: Notice of the closing of register: March 24, 2015; Suspension of trading: April 2, 2015; Register closes: April 9, 2015 and delisting of Jamaica Money Market Brokers Limited and listing of JMMB Group Limited: April 13, 2015.
Trinidad Cement Limited has advised that following its previous announcement in January 2014 of a cross-posting exercise involving the General Managers of TCL Packaging Limited (TPL) in Trinidad and Arawak Cement Limited (ACCL) in Barbados, with effect from March 1, 2015 these Executives will revert to their substantive positions and accordingly, the portfolios of General Manager at ACCL and TPL would be held by Mr. Rupert Greene and Mr. Derrick Isaac respectively.
The Board of Directors of Dolphin Cove Limited (DCOVE) will consider a dividend payment at a meeting to be held on April 7, 2015. DCOVE has advised that Mr. Dean Burrowes resigned as a director effective November 24, 2014.
The Board of Directors of Jamaica Broilers Group Limited has declared an interim dividend of $0.09 per share payable on May 1, 2015 to shareholders on record as at April 14, 2015. The ex-dividend date is April 10, 2015.
National Commercial Bank Jamaica Limited (NCBJ) has advised that it is planning a securitization transaction under which notes will be issued to selected debt investors, backed by future flows relating to international merchant voucher receivables acquired by NCBJ in Jamaica. The terms and timing of the transaction have not yet been finalized.
The Board of Directors of General Accident Insurance Company Limited has declared a dividend of $0.097 per share payable on April 27, 2015 to shareholders on record as at April 13, 2015. The ex-dividend date is April 9, 2015.
Trinidad Cement Limited (TCL) has advised that at the special meeting held on February 9, 2015, Shareholders were advised that TCL had reached an agreement in principle with its Lenders with respect to the restructuring of the debt. TCL is pleased to advise that on March 17, 2015, the Board of Directors of TCL considered the various draft restructuring agreements and passed resolutions approving (inter alia) the terms and conditions outlined therein. The said restructuring agreements were signed by TCL on March 24, 2015, and all related documents are expected to be fully executed by, and be effective March 31, 2015.