tTech Limited (TTECH) has advised that the Board of Directors at the upcoming board meeting on August 9, 2017, will be considering the payment of an interim dividend on the Company’s issued shares.
Carreras Limited (CAR) has advised that the Board of Directors will meet on August 8, 2017, to consider whether to recommend to the Company’s stockholders to consider a split of the Company’s issued shares at the upcoming General Meeting scheduled for September 6, 2017.
Dolphin Cove Limited (DCOVE) has advised that at the Board Meeting scheduled for Monday, August 8, 2017, consideration will be given to the payment of an interim dividend.
Jamaican Teas Limited (JAMT) has advised that its associated company, KIW International Limited has entered into an agreement to sell its entire property at 138 Spanish Town Road. The sale is expected to be completed within the next two months.
Express Catering Limited (ECL) has advised that the directors will be meeting on Tuesday, August 1, 2017, to consider an interim dividend payment.
Proven Investments Limited JMD (ProvenJA) has advised that its Renounceable Rights Issue Offer of US$16,547,873.28 or an additional 68,949,472 ordinary shares to its Shareholders has been closed.
[Kingston, Jamaica July 7, 2017] GraceKennedy Limited today announced that it has agreed to acquire 100 percent ownership of Consumer Brands Limited, a large player in the Jamaican distribution market. The acquisition is expected to be finalized before the end of Q3 2017. Among the brands distributed by Consumer Brands is the Procter and Gamble (P&G) line of products which the company has distributed in Jamaica since 1992. Consumer Brands also distributes products for ten other international and local principals through chain and independent supermarkets, wholesalers, pharmacies, beauty supply outlets and convenience stores. With sales of over $2 billion annually, the company has consistently achieved significant annual revenue growth since its establishment. "This valuable portfolio of brands brings welcomed expansion to the range of products that we distribute in Jamaica. Our expertise in managing top tier brands and deep distribution channels make us a natural fit for this acquisition and we expect the products to continue to perform very well," said Don Wehby, Group CEO of GraceKennedy. Consumer Brands will become a subsidiary of the GraceKennedy Group under GraceKennedy Foods. Athol Smith, who has been Managing Director of Consumer Brands, will remain with the company as an advisor during the transition period. P&G brands are some of the most recognizable international fast moving consumer goods with household names such as Charmin, Bounty, Ariel, Downy, Tide, Always, Tampax, Pampers, Febreze, Crest and Olay among its products. “We are very excited about this acquisition and look forward to working with P&G and all other stakeholders,” Mr. Wehby said.