The Board of Directors of Proven Investments Limited will consider making dividend payments to both its ordinary and preference shareholders at a meeting to be held on August 11, 2014.
The Board of Directors of Proven Investments Limited will consider making dividend payments to both its ordinary and preference shareholders at a meeting to be held on August 11, 2014.
Disclosure in relation to Access Financial Services Limited:
By Claim Form filed in the Commercial Division of the Supreme Court of Jamaica on June 14, 2014, the Company initiated proceedings which claim that moneys spent on renovating the building which houses the Company`s head office was done so to the detriment of the Company.The Defendants to the claim are the Company`s Chief Executive Officer, Mr. Marcus James; Renew Limited, the leaseholder of the premises, (a company of which Mr. Marcus James is the sole shareholder and director); Nenan Limited, the owner of the premises, (a company owned and operated by the parents of Mr. James); and Mr. Neville James (The father of Mr. Marcus James). The proceedings allege that the Company`s Chief Executive Officer, Mr. Marcus James, spent moneys on the renovation of the building which houses the Company`s head office without the authorisation of the board, in breach of his fiduciary duties and his contractual obligations and/or negligently. It is alleged that the Defendants conspired to injure the Claimant in relation to the leasehold improvements. It is further alleged in the proceedings that the Defendants were unjustly enriched by the renovations done to the head office premises. The proceedings indicate that the Claimant is claiming the sum of $33,000,000.00 from the Defendants as well as damages.
The Board of Directors of Access Financial Services Limited will consider making a dividend payment at a meeting to be held on July 31, 2014.
Carreras Limited has advised that the Directors
declared a special capital cash distribution of $1.34 per stock unit to be paid
out of proceeds received from the liquidation of a subsidiary, pending the
granting of a transfer tax exemption pursuant to the Transfer Tax Act. The
special capital cash distribution will be paid on July 31, 2014 to stockholders
on record as at July 18, 2014. Ex date July 16, 2014.
GraceKennedy Ltd advised that the Board of Directors
will on Thursday, July 31, 2014 consider a resolution for the declaration of an
interim dividend to be paid in September 2014.
Scotia Group Jamaica has advised that Mrs. Debra Lopez-Spence has been appointed Vice President, SME of The Bank of Nova Scotia Jamaica Ltd, subsidiary of Scotia Group Jamaica Ltd effective July 7, 2014.
Lasco Food Distributors Limited has advised that the Privy Council has dismissed the Appeal by Pfizer Limited and has affirmed the decision of the Court of Appeal.
Jamaica Stock Exchange wishes to advise Shareholders of public listed companies that effective July 1, 2014 Cess levied on transactions across the floor of the Exchange will be increased by 0.10% that is 0.05% on each side of a transaction. The Cess charge that will therefore be reflected on the Contract Notes issued by Brokers for the purchase or sale of shares will be 0.25% on each side of a transaction effective July 1, 2014.
The Board of Directors of Carreras Limited will consider an interim special capital cash distribution at a meeting to be held on July 3, 2014.
Carreras Limited advised that Mrs. Lisa Belnavis - Edwards has been appointed Human Resource Business Partner effective June 16, 2014.