Dolphin Cove Clarifies Ownership and Control Reports

• Dolphin Cove Limited (DCOVE) has clarified recent media reports suggesting that the company’s ownership and control had changed following the appointment of four new directors and an alleged sale of its majority shareholding.
• The clarification comes after a 19 August 2026 media report claimed that a buyer had taken control of Dolphin Cove. Four independent directors were appointed by shareholders on 17 August 2026, but the company says this appointment does not amount to a change in control or management.
• The report also claimed that World of Dolphins Inc. had sold its majority stake through a private, off-market agreement. However, the company clarified that no such sale has been completed as of the date of its announcement.
• World of Dolphins Inc. has previously indicated that it expects to sell its interest in Dolphin Cove, meaning a transaction could still take place in the future. The company will continue to disclose confirmed developments in accordance with Jamaica Stock Exchange rules and urges investors to rely on official company announcements rather than media reports.
• DCOVE’s stock price has declined by 13.4% since the start of the year to close at $10.73 on Wednesday, August 26, 2026. At this level, the stock trades at a price-to-book (P/B) ratio of 0.9x, which is below the Junior Market Others Sector average of 1.7x.

(Source: JSE & NCBCM Research)