Caribbean Cement Company Ltd (CCCL) has advised that Mr. Alejandro Vares has been appointed the position of General Manager effective May 4, 2015. Mr. F. Anthony Haynes, demits office on April 30, 2015, but will continue as a consultant with the TCL Group of Companies, of which Carib Cement is a subsidiary.

Scotia Investments Jamaica Ltd (SIJL) has advised that it will consider the payment of a dividend at its Board of Directors meeting scheduled for June 3, 2015.

Scotiabank Caribbean Holdings Limited (SCHL) has advised that subsequent to its acquisition of 2,233,403,384 Scotia Group Limited (SGJ) shares on March 20, 2015 it does not intend at this time to purchase further shares in SGJ. SCHL further advised that the acquisition was made as part of a larger internal regional reorganization of certain subsidiaries of The Bank of Nova Scotia (BNS) in the Caribbean which began in 2011. SCHL advised that although it directly controls SGJ, there has been no change in the ultimate beneficial ownership of SGJ since SCHL is a wholly-owned subsidiary of BNS.

Seprod Limited has advised that the following persons joined its Executive Management team effective April 1, 2015: Mr. Roger Thompson - Group Marketing Manager and Mr. Marvin Cummings - General Manager of Serge Island Dairies Limited.

LIME has advised that further to its advisory on November 6, 2014, its parent company Cable and Wireless Communications PLC (CWC) has closed the transaction acquiring Columbus International Inc. Consequently, CWC and Columbus International, President - Consumer Group CWC, John Reid, on April 17, 2015 announced that Mr. Garfield Sinclair, Managing Director of LIME since October 2010, will now also have responsibility for the Flow and Columbus brands in Jamaica.

The Board of Directors of Margaritaville (Turks) Limited has declared a dividend of US$0.0083 per share payable on May 8, 2015 to shareholders on record as at April 28, 2015. The ex-dividend date is April 24, 2015.

Berger Paints Ltd (BRG) has advised that a meeting with the Board of Directors will be held on Wednesday, April 22, 2015 to consider the payment of a dividend.

Irvine and Gerald Lalor Halls to be Reconstructed

138 Student Living Jamaica Limited signed a new Concession Agreement with the University of the West Indies Mona Campus on Friday April 10th which will see the renovation and expansion of the Gerald Lalor Flats and Irvine Hall.

The Gerald Lalor Flats which were built approximately 20 years ago will be renovated and expanded and brought into operations later this year.

Irvine Hall which is approximately 50 years old will be demolished, reconstructed and expanded.

Both projects will result in improved accommodation and additional facilities for students on the Mona Campus.

Signing of the Concession Agreement on Friday was: On behalf of the University of the West Indies, Mona Campus, The Principal Professor Archibald McDonald and Dr. Camille Bell-Hutchinson, Campus Registrar and on behalf of 138 Student Living , Mr John Lee, Chairman and Mrs. Marrynette Lee, Director.

Professor McDonald stated during the signing that Concession Agreements like this and the one signed this week by the Port Authority for KCT gives institutions or countries with vision but without the requisite financial capacity an opportunity to pursue their strategies; in the case of UWI first class student accommodation is a prerequisite to attracting additional local and overseas students.

The Chairman of 138 Student Living reminded the gathering that an undertaking was given in the IPO prospectus that new initiatives would be sought and brought into the company for the benefit of the existing shareholders. This is the first such initiative. A new company, 138SL Restoration Limited, is being formed to implement the concession and, initially, will be 100% owned by the shareholders of the original 138 Student Living .

The construction value of the Concession Agreement is estimated to be $2.2Bn, which will be spent over the next 2 years, is expected to bring a further 100 jobs to the number already created for phases 1 and 2 of the initial Concession Agreement.

The new towers to accommodate students, being built under first concession, are visible from most part of the campus and the Chairman of 138 SL sees the new concession as an endorsement by UWI Mona of the company’s progress since the ground breaking late last year.

Proven Investments Limited (Proven) has advised that the Lead Brokers to the Offer have received applications in excess of the allotted US$19.66 million for the Renounceable Rights Issue of 1 new ordinary share for every block of 3 ordinary shares held in Proven Investments Limited, as offered in the Prospectus dated March 12, 2015. The Board of Directors of Proven have therefore approved the upsizing of the shares made available for subscription, via the Conditional Offer described in the said Prospectus, and the extension of the closing date to April 17, 2015 to allow shareholders the ability to apply for additional shares over their original allotment, as contemplated by the Conditional Offer.

Jamaica Money Market Brokers Limited (JMMB), simultaneously delisted its Ordinary Shares and listed new shares in JMMB Group Limited as substitutes to JMMB shareholders at a ceremony at the Jamaica Stock Exchange (JSE) this morning. The one for one exchange means that the shareholders of the previous 1,630,552,532 share units in JMMB Ltd. now own the same number of shares in the JMMB Group, and continue to enjoy the benefits of being listed on the Exchange.