The Annual General Meeting of K.L.E. Group Limited will be held at Tracks & Records, Marketplace, Shop 8, 67 Constant Spring Road, Kingston 10 at 8:00 a.m. on October 21, 2014.

The Board of Directors of Medical Disposables & Supplies Limited has declared an interim dividend of $0.04 per share payable on November 19, 2014 to shareholders on record as at November 14, 2014. The ex-dividend date is November 12, 2014.

The Annual General Meeting of Desnoes & Geddes Limited will be held at 214 Spanish Town Road, Kingston 11 on Wednesday October 29, 2014 at 10:00 a.m.

The Board of Directors of Sagicor Group Jamaica Limited will consider a Resolution to declare an interim dividend at a meeting to be held on October 10, 2014.

National Commercial Bank Jamaica Limited (NCBJ) has advised that as of September 30, 2014, N.C.B. Jamaica (Nominees) Limited will cease provision of registrar and transfer agent services to NCBJ. As of October 1, 2014 the role of registrar and transfer agent for NCBJ will instead be assumed by the Jamaica Central Securities Depository Limited.

Kingston Wharves Limited (KW) has advised that the following directors have resigned from the board of KW effective September 24, 2014: Karlene Bailey, Stephen Lyn Kee Chow and Ramon Pitter.

The Annual General Meeting of Margaritaville (Turks) Limited will be held at the Montego Bay Conference Centre on Tuesday October 28, 2014 at 11:00 a.m.

Cargo Handlers Limited (CHL) has advised that upon further due diligence of Bulk Liquid Carriers Petroleum Transport Limited, the board of directors determined that CHL would only be purchasing the assets of the company. CHL will manage the assets and continue to evaluate the option to purchase the company in the future. CHL further advised that the purchase of assets will add at least J$15 million in annual revenues.

In accordance with Rule 12.1 of the JSE Takeover and Merger Rules Jamaica Producers Group Limited (JP) has provided the following information in relation to its recent acquisition of 11.59% of the stock units of Kingston Wharves Limited (KW) : (i) the acquisition was made for investment purposes (ii) JP does not intend at this time to make material purchases or sales of the stock units in KW. (iii) It is not the intention of JP to seek control of KW or to acquire majority shareholding in the company.

National Commercial Bank Jamaica Limited (NCB) announced that the Bank and its subsidiary, NCB Capital Markets Limited have reached an agreement that will result in the sale of  their  32.59 percent interest in Kingston Wharves Limited (KW) to Seaboard Corporation (Seaboard) and Jamaica Producers Group Limited (JP).  As a result of the transaction, Seaboard is acquiring 21 percent of the outstanding KW Shares and JP is acquiring 11.59 percent of the outstanding KW Shares (thereby increasing its shareholding in KW to approximately 42 percent).

According to Patrick Hylton, NCB Group Managing Director, “We continuously review our investment holdings and our operations and have concluded that Kingston Wharves falls outside our core strategic priorities at this time.  We are pleased to have been able to identify two buyers who are committed to the continued development of the Kingston port and logistics business.” 

KW is listed on the Jamaica Stock Exchange and operates a comprehensive range of terminal equipment across 260,000 square meters of open storage space, 24,000 square meters of covered warehousing and cold storage, and 53,000 square meters of off-dock storage for motor vehicles.  The KW terminal has a 1.7 kilometre continuous quay that provides nine deep-water berths for roll on-roll off, lift on-lift off, general break bulk, containerized cargo and bulk cargo vessels. 

Seaboard Corporation is a global food, energy and transportation company that is listed on the NYSE MKT.  Through its Seaboard Marine Division, it operates a containerized shipping service between the United States, the Caribbean Basin, and Central and South America.  Edward Gonzalez, President of Seaboard Marine stated, “Our shipping line has operated as a customer of Kingston Wharves for decades.  We are pleased to deepen our longstanding relationship with all of the stakeholders of Kingston Wharves in our new capacity as shareholder.”

JP is a specialty foods and logistics group operating in the Caribbean and Europe and is listed on the Jamaica Stock Exchange.