LASCO Distributors Limited (LASD) has advised that it has been appointed by UNILEVER CARIBE, S.A. as Non-Exclusive Distributor of the following Unilever Food products for the territory of Jamaica: Food: Lipton; Red Rose; Knorr Side Dishes; Blue Band; Flora; I Can`t Believe It`s Not Butter and Country Crock. Ice Cream: Ben & Jerry`s; Popsicle and Breyers.
LASD will be responsible for the distribution of these specified Unilever products and distribution will commence on November 20, 2014.
The Jamaica Stock Exchange Limited has advised that Mr. Donovan Perkins resigned as a director effective November 20, 2014.
On November 18, 2014, Pan-Jamaican Investment Trust Limited (PJAM) announced the purchase of the Oceana Hotel ("Oceana") in downtown Kingston, as well as a long term lease of the parking garage adjacent to the hotel, from the Urban Development Corporation ("UDC") in a $400 million cash transaction. The Oceana has been purchased by a joint venture of PJAM, through its wholly-owned subsidiary Jamaica Property Company, and Downing Street Realty Partners ("Downing Street"), a Toronto-based real estate developer with whom PJAM has enjoyed a long relationship. The initial phase of the project, already commenced, will be to develop a comprehensive master plan for the site, as well as to renovate and upgrade the parking garage.
The Board of Directors of Carreras Limited has declared an interim special capital cash distribution of $1.00 per stock unit payable on December 18, 2014 to stockholders as at December 1, 2014. The ex-dividend date is November 27, 2014.
Trinidad Cement Limited has advised that Mr. Lincoln Parmasar retired as Group Finance Manager under the Company`s Early Retirement Plan effective October 31, 2014. In the interim Mr. Parasram Heerah has been appointed Acting Group Finance Manager.
Scotia Group Jamaica - Senior Management Changes
Scotia Group Jamaica has advised that Mr. Norm Stevenson, Senior Vice President of Corporate and Commercial Banking Centre of BNS Jamaica Ltd a subsidiary of Scotia Group Jamaica will be retiring from the company on October 31, 2014 whilst Mr. Craig Mair former Vice President, Corporate and Commercial Banking Centre has been appointed the position of Senior Vice President, Corporate and Commercial Banking Centre effective November 1, 2014.
Jamaica Money Market Brokers - Dividend Consideration
The Board of Directors of Jamaica Money Market Brokers Limited will convene a special board meeting on November 7,2014 to consider an interim dividend payment on the company`s ordinary shares.
Proven Investments Limited - Dividend Consideration
Proven Investments Ltd has advised that the Board of Directors will have a meeting on November 4, 2014 to consider making a dividend payments to both its ordinary and preference shareholders.
The Board of Directors of Desnoes & Geddes Limited will consider a dividend payment for the year ended June 30, 2014 at a meeting to be held on October 29, 2014.
The Annual General Meeting of The Palace Amusement Co. (1921) Limited will be held on Tuesday, December 9, 2014 at 2:00 p.m. at 1a South Camp Road, Kingston.