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GK to Proceed with Share Buy-Back Program Published: 30 September 2013

GraceKennedy Limited has advised that it will be proceeding with the buy-back of up to 2.5% of the Company`s shares in issue over a period of up to one year following the expiry of 21 days from the date of notice to the Jamaica and Trinidad & Tobago stock exchanges, on which the Company is listed. The notices were issued on September 27, 2013. The decision to proceed with the share buy-back follows confirmation from the Ministry of Finance of a tax waiver applicable to tax which would have been otherwise payable on the repurchase of shares by the Company. The repurchase of shares will be conducted on the open market through the Company`s stockbrokers in Jamaica and Trinidad & Tobago. The Company`s cash flows will be the source of funds for the repurchase.
Mayberry Investments Limited (MIL) has advised that a related party purchased 14,999 MIL shares on September 24, 2013. The Board of Directors of Seprod Limited will consider a dividend payment at a meeting scheduled for October 7, 2013.

General Accident Declares Dividend Published: 30 September 2013

The Board of Directors of General Accident Insurance Company Limited has declared a dividend of 0.8728 cents per share payable on October 14, 2013 to shareholders on record as at October 9, 2013. The ex-dividend date is October 7, 2013.

Yvonne Clarke and Marjorie Seebaran Demit Office Published: 30 September 2013

National Commercial Bank Jamaica Limited (NCBJ) has advised that its current Group Chief Financial Officer, Mrs. Yvonne Clarke, will demit office effective December 29, 2013. NCBJ has advised that this decision has been taken in the context of a review of the organisational structure at all levels. As a consequence, the finance function will report instead to the Deputy Group Managing Director. On December 31, 2013, Mrs. Marjorie Seeberan (General Manager – Corporate Banking Division) will also demit office at which time it is expected that a new head of the corporate banking team will be in place.

SLJ to Consider Dividend Payment Published: 30 September 2013

The Board of Directors of Sagicor Life Jamaica Limited will consider a resolution to declare an interim dividend at a meeting to be held on October 1, 2013. Jamaican Teas Limited has advised of the passing of its Chairman, Mr. Adeeb Mahfood, on September 21, 2013.

C2W Chairman of Music Resigns Published: 30 September 2013

C2W Music Limited (MUSIC) has advised that Mr. Gerald S. Hadeed has resigned as Chairman of MUSIC effective September 12, 2013 consequent to his appointment as Minister of Communications in the Government of the Republic of Trinidad and Tobago.

NCB Appoints Professor Duggan as Director of NCBIC Published: 30 September 2013

National Commercial Bank Jamaica Limited (NCBJ) has advised that Professor Evan Duggan was appointed a director of NCB Insurance Company Limited effective September 12, 2013.

RJR Appoints Lawrence Nicholson to Board Published: 30 September 2013

Radio Jamaica Limited (RJR) has advised that Dr. Lawrence Nicholson was appointed to the Board of Directors of RJR effective September 20, 2013.

KLE’s AGM Published: 30 September 2013

K.L.E. Group Limited has advised that its Annual General Meeting will be held at 7-9 Harbour Street, Kingston at 9:00 a.m. on October 16, 2013.

Resignation & Appointment at Honey Bun Published: 18 September 2013

Honey Bun (1982) Limited has advised that Krystal Chong, Chief Marketing Officer, resigned effective August 31, 2013. Elizabeth Swaby joined the company as Marketing Executive effective September 3, 2013.

TT Central Bank Gives JMMB Green Light Published: 18 September 2013

Jamaica Money Market Brokers Limited (JMMB) has advised that the Central Bank of Trinidad and Tobago has completed its assessment of JMMB`s application to acquire the additional fifty (50%) per cent of the shares of Intercommercial Bank Limited and Intercommercial Trust and Merchant Bank Limited, and has granted its approval for JMMB to acquire those shares and become the 100% shareholder.