Seprod Limited (SEP) has advised that a related party sold a total of 200,000 SEP shares during the period May 28 – 30, 2018.

CAC 2000 Limited (CAC) has advised that Ms. Gia Abraham has assumed her newly appointed position of Chief Operating Officer (COO) at CAC, in addition to her role of Director and Company Secretary.

In her new role, Ms. Abraham will be responsible  for the daily operation of the Company and will routinely report to the highest-ranking executive, CAC states. 

“‘Ms. Abraham is a seasoned financial executive with a deep knowledge of the company and our industry,” said Seven Marston, Chief Executive Officer of CAC 2000 Limited. “She has been instrumental in our development strategy and execution, and we are thrilled she will now assume this critical function.”

“With over 10 years experience in local and international corporate banking under her belt, Ms. Abraham welcomes the new challenge and has her eyes set  on further advancing her career.

“This is a great opportunity, I’m definitely looking forward to further growth within the Company and to strengthen the core of our team,” said Ms. Abraham. “As I assume this role I hope to drive our consumer impact within the industry by overseeing our ongoing business operations and working with the team to find solutions to better streamline our company.”

“In addition to her being a major force in driving software upgrades and improving the company’s  systems and procedures, she has played a key role in managing treasury and foreign supplier payments.

“On that same note, it was under her guidance and continued dedication that CAC, for its year ending October 2017, made record profits of 100.7 million – a whopping 862 per cent  more than the $10.5 million in the previous year,” states CAC.

Supreme Ventures Limited (SVL) has advised that a connected party sold 14,173 SVL shares on May 28, 2018.

JMMB Group Limited (JMMBGL) has advised that a connected party sold 1,175,684 JMMBGL  shares on June 4, 2018.

Jamaica Broilers Group Limited (JBGL) has advised that the Company has entered into an Agreement prior to the 28^thday of April, 2018 to lend to JBGL Stockholders Nominee Limited (“the Shareholder Trust”) a sum not exceeding J$4.35B. A portion of the loan was used to purchase a total of 165,452,446 shares. This block of shares was held by family branches of one of the Founders of the Company and the trustees and entities connected to them; none of whom are currently involved in the management of the Company. For the avoidance of doubt Chairman Robert Levy and President Christopher Levy still maintain their current shareholdings in the Company.

The directors of JBGL saw this as an opportunity to provide a substantial benefit to the shareholders of the Company. Accordingly, the Directors of the Company approved the loan to the Shareholder Trust to purchase the available Company shares.

The Shareholders Trust will hold the shares purchased, and all benefits derived will be for the benefit of all shareholders of the Company. The Shareholders Trust will service the aforesaid loan from dividends and/or distributions paid upon the shares and from the proceeds of the sale of the shares.

Express Catering Limited (ECL) has advised that the meeting of directors to consider an interim dividend payment on Thursday, May 31, 2017, has been rescheduled to June 1, 2018.

Victoria Mutual Investments Limited (VMIL) has advised that a senior manager sold 750,000 VMIL shares on May 28, 2018.

1834 Investments Limited (1834) has advised that its Audited Financial Statements for the year ending March 31, 2018, which were due to be filed with the Jamaica Stock Exchange by May 30, 2018, was delayed due to additional time required to complete the audit of the Company’s financial statements.

1834 further states that the Company is making every effort to have its audited financial statements submitted by June 30, 2018 and will be advising its shareholders by way of a statement in the print media.

(Reuters) - U.S. stocks fell on Thursday after the United States moved to impose metal tariffs on imports from Canada, Mexico and the European Union, prompting a tit-for-tat response from some of its trading partners.

Caribbean Cement Company (CCC) has advised that on May 28, 2018, pursuant to the authorization of its Board of Directors, the Company entered  into two loan agreements with CEMEX España, S.A., a subsidiary of CEMEX, S.A.B. de C.V.: (i) a term loan agreement for US$$50 million bearing an annual interest rate of 7.25% to be repaid in full within 7 years from the signature date; and (ii) a revolving loan agreement for US$52 million bearing an annual interest rate of LIBOR plus 420 basis points to be repaid in full 7 years from the signature date (the “Loan Agreements”).

The proceeds from the Loan Agreements will be used by CCC to pay Trinidad Cement Limited, its parent company, for the purchase of assets mainly consisting of the Kiln 5 and Mill 5 processes at CCC’s Rockfort, Kingston, Jamaica  facilities, pursuant to the equipment sale and purchase agreement dated April 27, 2018, the remainder, if any, will be used for general corporate purposes.