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Trinidad Cement Limited (TCL) – Delisting of TCL Shares from the Guyana Association of Securities Companies and Intermediaries Published: 25 January 2016

Trinidad Cement Limited (TCL) has advised that by Order dated January 11, 2016, the Guyana Securities Council has granted the Company’s application for delisting pursuant to Section 40(1) and (2) of the Guyana Securities Industry Act, 1998 and the GASCI Rules #6.16, effective as of the opening of trading on Monday January 18, 2016.

On July 20, 2015 shareholders of the Company duly considered and passed Special Resolutions for the shares of Trinidad Cement Ltd to be delisted from, inter alia, the Guyana Associatin of Securities Companies and Intermediaries Inc. (GASCI) in accrdance with statutory and regulatory guidelines.

The reasons for delisting were that trading volumes and frequency were minimal, there were no sharehlders resident in Guyana, and the negative financial consequence of annual listing / maintenance charges required to be paid to GASCI.

GraceKennedy Limited (GK) – Resignation & Appointments Published: 25 January 2016

GraceKennedy Limited (GK) has issued a press release advising that CEO, Mr. Don Wehby announced that effective January 31, 2016 Mr. Courtney Campbell has resigned from the Board of the GraceKennedy Limited, First Global Bank Limited, GraceKennedy Financial Group Limited and other Boards in the Group.

In the press release, Mr. Wehby also announced the following changes in the Group effective February 1, 2016.

  • Mr. Campbell’s resignation as CEO of First Global Bank Limited;
  • The appointment of Mrs. Mariame Robinson as President and CEO of First Global Bank Limited;
  • The appointment of Mrs. Grace Burnett as CEO, GraceKennedy Financial Group Limited and;
  • The appointment of Mr. Steven Whittingham as GK Group Chief Investment Officer

Kingston Wharves Limited (KW) – Acquisition of Stevedoring Business of Transocean Shipping Limited Published: 25 January 2016

Kingston Wharves Limited (KW) has advised that it has acquired the stevedoring business of Transocean Shipping Limited with effect January 8, 2016. KW advised that the acquisition is intended to be effected at a maximum cost of Two Hundred and Nineteen Thousand Six Hundred and Eight United States Dollar (US$219,608.00), which will be payable over a three (3) year period provided certain terms and conditions are met. KW anticipates that with this acquisition, they will further expand and improve the range of services it offers to shipping lines that call the Port of Kingston.