Latest News

JSE Considers Dividend Published: 09 November 2017

Jamaica Stock Exchange (JSE) has advised that at a meeting of their Board of Directors  to be held on November 15, 2017, the directors will consider the payment of an interim dividend.

Seprod Considers Dividend Published: 09 November 2017

Seprod Limited (SEP) has advised that the Board of Directors at a meeting scheduled for November 15, 2017, will consider payment of a dividend.

JPS Declares Dividend Published: 09 November 2017

Jamaica Public Service Company Limited (JPS) has declared quarterly preference dividends payable on December 29, 2017 to shareholders on record as at December 15, 2017 on the undermentioned classes of Preference Shares:

(a)  7% Cumulative Preference Shares “B” – $0.035
(b)  5% Cumulative Preference Shares “C” – $0.025
(c)  5% Cumulative Preference Shares “D” – $0.025
(d)  6% Cumulative Preference Shares “E” – $0.03

The ex-dividend date is December 13, 201

SVL Announces Board Changes Published: 09 November 2017

Supreme Ventures Limited (SVL) has advised of the following changes to the composition of its Board following a meeting held on November 7, 2017:

Resignation:

  • Independent Non-Executive Director  Mr. Peter Chin has resigned as a Director of the Company, and consequently, as Chairman of the Audit Committee.

Appointment:

  • Independent Non-Executive Director Mr. Ansel Howell has been appointed as a member of the Audit Committee.
  • Mr. Peter McConnell has been appointed as a Non-Executive Director to fill a casual vacancy, effective November 7, 2017.
  • Mr. W. David McConnell has been appointed as a Non-Executive Director to fill a casual vacancy, effective November 7, 2017.

SVL further advised that the Chairman of the Audit Committee will be decided at the next meeting of the Board of Directors and that the Deputy Chairman, Mr. Ian Levy, will continue to act as the Board’s Chairman until the Board elects a new Chairman.

Eppley Announces Notice of Redemption Published: 24 October 2017

Eppley Limited (EPLY) has advised that this Redemption Notice is in respect of the preference share issue “Eppley Limited Cumulative Redeemable Preference Shares 2019” (EPLYSTP) issued in pursuant to the provisions of the Companies Act, 2004 and the terms and conditions set out in Terms of Issue of the prospectus dated 9 December 2014.

The Board of Directors of EPLY gives notice that on Monday, 23 October 2017, at 4:00 pm at the close of business at the Jamaica Central Securities Depository Limited (JCSD), EPLY will exercise its option to redeem all its Eppley Limited Cumulative Redeemable Preference Shares 2019 on Wednesday, 31 January 2018, to be paid at the Agreed Rate (which is the higher of the market price as at close of business on the Jamaica Stock Exchange (JSE) on Monday, 23 October 2017, and the issue price plus 1% per the Terms of Issue), at the JCSD with its registered office at 40 Harbour Street, Kingston, Jamaica at a redemption price of J$6.06.

EPLY shall also provide for the payment of any arrears of dividend calculated at the Agreed Rate of up to a date fixed by EPLY and set out in this notice. This notice shall be sent by electronic copy to all Eppley Limited Cumulative Redeemable Preference Shares 2019 shareholders as at Monday, 23 October 2017. A copy shall also be posted on the website of the JSE, in addition to being posted in a daily newspaper in circulation on the Island, 21 days prior to the date of redemption.

 
 

NCBFG Management Changes Published: 24 October 2017

NCB Financial Group (NCBFG) has advise that Mr. Warrick Ward, Chief Executive Officer and Director of NCB Capital Markets (Barbados) Limited, demitted office on September 29, 2017.

NCBFG further advised that Mr. Angus Young, CEO of NCB Global Finance Limited and Director of NCB Capital Markets (Barbados) Limited (NCBCMBL), will have oversight of NCBCMBL for the time being.

Palace AGM Published: 24 October 2017

The Palace Amusement Co. (1921) Limited (PAL) Annual General Meeting will be held at the Registered Office of the Company, 1A South Camp Road, Kingston, CSO, on Tuesday, December 12, 2017, at 2:00 p.m.

Jamaica Broilers Makes Acquisition Published: 09 October 2017

Jamaica Broilers Group Limited (JBG) has advised that it has acquired a second hatchery Assets in the United States, which is expected to grow its hatching capacity by 40 per cent.  

The Company advised that the acquisition was finalized on October 4, 2017, and that under the terms of the transaction, the purchase price is to remain confidential.  “Given the acquisition cost, the Company does not consider the release of details of the acquisition to be material or required under the terms of Appendix 3, 4 (d) of the JSE Rules,” stated JBG.

JBG also advised that the new facility will be renamed “International Poultry Breeders  Hatcheries, Inc”.  It had operated as Bell & Evans Hatchery, in Big Valley, Pennsylvania. The  acquisition will enable the group to access a larger company base, reduce any bio-security risk factors faced by its customers and lower delivery mileage, the Company said.

 
 

Knutsford Announces AGM Published: 09 October 2017

Knutsford Express Services Limited (KEX) Annual General Meeting will be held at 1310 Providence Drive, Ironshore, Whitesands Beach, Montego Bay, on Wednesday, October 25, 2017, at 10:30 a.m.

Paramount Announces AGM Date Published: 09 October 2017

Paramount Trading (Jamaica) Limited (PTL) Annual General Meeting will be held on Saturday, November 4, 2017, at The Knutsford Court Hotel, 16 Chelsea Avenue, Kingston 5 at 10:00 a.m.