Proven Investments Limited (ProvenJA) has advised that the board of directors will be holding a board meeting on February 2, 2018 to consider making a dividend payment to both its ordinary and preference shareholders.

Seprod Limited (SEP) has advised of the following changes to their Executive Management team:

• Mrs. Marilyn Anderson, former Company Secretary has been promoted to General Manager of Caribbean Products Company Limited effective January 1, 2018 subsequent to the retirement of Mr. Clement Burnett on December 31, 2017.

• Ms. Angela Cooper retired from the position of Chief Financial Officer effective December 31, 2017. She will however assume responsibility for various special financial projects within the Group.

• Mr. Damion Dodd assumed the role of Chief Financial Officer and Corporate Secretary effective January 1, 2018.

• Ms. Kerrian Johnson has been promoted to Group Marketing Manager effective January 1, 2018.

• Major Evrol Dixon assumed the role of General Manager of International Biscuits Limited effective January 1, 2018 following the retirement of Mr. Rupert Ashman on December 31, 2017.

NCB Financial Group Limited (NCBFG) has advised that the board of directors intends to consider the payment of dividends to stockholders on the following dates:

• January 25, 2018
• April 26, 2018
• July 26, 2018 
• November 8, 2018

Sagicor Group Jamaica Limited (SJ) has advised that effective January 2, 2018, Mr. Rohan Miller will transition out of Sagicor Group Jamaica Limited and from his current secondment to Sagicor Real Estate X Fund Limited and will take up the position of Head of Treasury with Sagicor Financial Corporation, to be stationed in Tampa Florida.

SJ further advised that effective January 2, 2018, Mrs. Donnette Scarlett has been promoted to the position of Senior Vice President, Group Treasury & Asset Management.  In addition, Mr. Kevin Donaldson has been promoted to Senior Vice President & Chief Executive Officer, Sagicor Investments Jamaica Limited.

Cable Bahamas Limited has advised of the appointment of the third member of the Audit Committee, Mrs. Elma Campbell, effective November 16, 2017.

Scotia Group Jamaica Limited (SGJ) has advised that Lasco Financial Services Limited (LASF) completed the acquisition of Scotia Jamaica Microfinance Company Limited on December 1, 2017.

Supreme Ventures Limited (SVL) has advised that their Board of Directors has appointed Mr. Michael Bernard as the Non-Executive Chairman of Supreme Ventures  Racing & Entertainment Limited, a wholly owned subsidiary of SVL. His appointment became effective on December 8, 2017.

SVL further advises that:

“Mr. Bernard has more than twenty-five years of executive management experience and is a retired Managing Director of Carreras Limited.  He currently serves as Chairman of the Board of Management of Jamaica College and Executive Chairman of Peak Bottling Company Limited, in which he is the majority shareholder.  He also serves on the Board of Directors of Carreras Limited, where he heads its Audit Committee. he is also a director of Grace Kennedy Insurance Company Ltd, Salada Foods Jamaica Limited, Sterling Investment Limited, Hardware and Lumber Limited, New Transport Group Limited and Spike Industries Limited as Chairman.

“The Board welcomes Mr. Bernard to Supreme Ventures family, as we chart a new path to continued growth and profitability in the interest of all shareholders and stakeholders.”

GraceKennedy Limited (GK) has advided that on December 11, 2017, the Privy Council handed down its judgment on the matter of the claim “Paymaster v GraceKennedy Remittance Services Limited & Paul Lowe”, and unanimously allowed GK’s appeal and dismissed Paymaster’s counter appeal.  GK states that on the claim of breach of confidence the Law Lords found that there was no information in the software or manual in question that could have been considered confidential, and with respect to the copyright claim, the Privy Council ruled that Paymaster did not own the copyright in the software.

GK further  advises that  an indication of the Privy Council’s decision will be posted on their website and an update will be included in their 2017 Annual report as a note to the Financial Statements – Contingent Liability.

“GraceKenndy Limited is happy that the Privy Council decidied in our favour on this matter, affirming that GraceKennedy Remittance Services acted honestly and with integrity with respect to its dealing with Paymaster and the engagement of the developer of the software, Mr.Paul Lowe,” GK reports.

Proven Wealth Limited has advised that the Company’s President and CEO, Ms. Chorvelle Johnson, has resigned and will demit office effective January 26, 2018.

The Company further advises that Mr. Christopher Williams, President and CEO of Proven Management Limited, will act in this position, as approved by the Board of Directors, until a replacement President and CEO has been recruited.

Sagicor Bank Jamaica Limited has advised that their Board of Directors, at its meeting held on December 4, 2017,  confirmed the appointment of Ms. Chorvelle Johnson as the Bank’s Chief Executive Officer (CEO), subject to Regulatory Approval.  The appointment becomes effective January 29, 2018.

The Bank further advised that as CEO, Ms. Johnson will be appointed to sit on Board as a non-Executive Director.

“The Board welcomes Ms. Johnson to the position,” states the Bank.