Latest News

Jamaica Stock Exchange Limited Board Resignation Published: 12 April 2017

The Jamaica Stock Exchange Limited (JSE) has advised that Mrs. Jane George, a Director and a member of the Audit Committee, has tendered her resignation effective April 30, 2017.

The JSE further advises that Mrs. George’s resignation is not related to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Audit Committee or her ability to properly carry out her functions delegated by the Board.

CWJ appoints Stephen Price as Managing Director Published: 30 March 2017

CWJ has advised that Mr. Stephen Price, VP of Retail Sales and Distribution will assume the role of Managing Director of CWJ effective June 1, 2017. Mr. Garfield Sinclair, President of FLOW Caribbean will have continuing responsibility for CWJ over the next two months.

NCBFG Organizational Changes Published: 30 March 2017

NCBFG) has advised of the following changes to the organizational structure of National Commercial Bank Jamaica Limited (NCBJ) effective April 3, 2017: (1) Mr. Septimus (Bob) Blake will be promoted to the position of Chief Operating Officer.  Mr Blake’s present responsibilities as Senior General Manager Treasury & Correspondent Banking Division and Payment Services have been split with Mrs. Tanya Watson-Francis becoming the Head of Treasury & Correspondent Payment & Services and Ms. Claudette Rodriquez becoming the Head of Payment Services. They along with the Heads of Retail and Corporate Banking will report to Mr. Blake and (2) Mrs. Danielle Cameron Duncan will be appointed Head of Non-Branch Channels.

 

NCBFG has further advised of the following dates on which the Board of Directors intends to consider the payment of interim dividends to stockholders: April 27, 2017, July 27, 2017and November 9, 2017.

JBG Dividend Consideration Published: 22 March 2017

Jamaica Broilers Group Limited has advised that at a Board of Directors’ meeting scheduled for Wednesday, March 22, 2017 an interim dividend payment will be considered.

Derrimon Trading Expands Retail Outlet Published: 22 March 2017

Derrimon Trading Company Limited (DTL) has advised as part of their Five Years Strategic Plan, the following:

  • The establishment of a Joint Venture Company for the acquisition of the assets of Caribbean Home Entertainment Systems, the former operators of Carihome Supermarket at Shop # 15 at Upper Manor Park, St. Andrew. The negotiations have not been fully finalized, however, in the interim, a five-year lease has been secured with Jamaica Property Company Limited, the owners of the facility. The facility is being refurbished and will operate under the Select Grocers brand.
  • The Company has signed an agreement with Chris Ryan Limited, the operators of Empire Supermarket at 1-3 Retirement Road for the purchase of the assets of that Company. The business will be rebranded under the Sampras brand.

JMMBGL Appoints New Director Published: 22 March 2017

The JMMB Group Limited has advised that effective March 13, 2017, Mr. H. Wayne Powell was appointed to their Board of Directors as well as its subsidiary JMMB Merchant Bank Limited.

 

Richard Byles Appointed Chairman of Sagicor Group Published: 22 March 2017

Sagicor Group Jamaica Limited (SJ) has advised of the following:
  • Mr. Richard Byles will retire from office as President and CEO of SJ effective April 30, 2017.  He will continue to hold office as a director of the Company.
  • Dr. the Hon R.D. Williams will retire from office as SJ’s Chairman effective June 1, 2017.
 
SJ’s Board of Director at its meeting held on March 16, 2017, confirmed the following appointments:
  • The appointment of Mr. Byles as SJ’s Chairman effective June 1, 2017.
  • The appointment of Mr. Christopher Zacca as President and CEO, and a Director of SJ effective May 1, 2017.