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.

Jamaica Broilers Group Limited (JBG) has advised that a connected party sold 11,500,000 JBG shares on May 22, 2018. 

Salada Foods Jamaica Ltd (SALF) has advised that a director purchased 52,000 SALF shares on May 25, 2018.

Honey Bun (1982) Ltd (HONBUN) has advised that at a meeting held on May 28, 2018, the Board of Directors declared an interim dividend of 20 Jamaican cents ($0.20) per share. The dividend is payable on June 25, 2018, to shareholders on record as at June 11, 2018. The ex-dividend date is June 8, 2018.