SVL’s Board Agreed on Term of Independent Directors and Age of Retirement for Directors

Supreme Ventures Limited (SVL) has advised that at a meeting of the board of directors held on March 20, 2013 the board agreed to adopt a term limit of seven years with respect to Independent Directors.

 

The board also confirmed the age of retirement of directors to be seventy years. The Annual General Meeting of SVL will be held on Monday, June 3, 2013 at 10:00 a.m. at the Knutsford Court Hotel (Blue Mountain Suite) at 11 Ruthven Road, Kingston 10. Miss Winsome Minott has tendered her resignation as Company Secretary of Supreme Ventures Limited effective June 4, 2013. SVL has advised that further to its announcement re the Scheme of Amalgamation, Prime Sports (Jamaica) Limited is the subsidiary company responsible for all gaming operations under the Scheme of Amalgamation. On March 28, 2013, Prime Sports Limited signed the amended conditions attached to the relevant licence with the Betting Gaming and Lotteries Commission to give effect to the change.