Kingston Properties Limited has advised that it has sold its office & warehouse property located at 83 Hagley Park Road effective January 6, 2015 for approximately Two Hundred And Thirty Million Dollars ($230Mn). Net proceeds of the sale are expected to be invested in other properties. Over the five year holding period, Total Return (which includes annual cash yield and capital appreciation, net of transactions costs) was 13.2% annually. The property was sold to Medical Disposables & Supplies Limited.

Medical Disposables & Supplies Limited has advised that it has purchased an office and warehouse property from Kingston Properties Limited effective January 6, 2015.

Trinidad Cement Limited (TCL) wishes to clarify the inaccurate use of its name in recent media articles concerning a manager at CEMCU Credit Union Co-operative Society Limited. The company is deeply concerned by the impact which this matter could have on its reputation and wishes to categorically state that while CEMCU provides financial services to employees of TCL (as well as the wider public), it is an independently managed entity and TCL is in no way involved in its business operations. The Board of TCL is in active negotiations with all stakeholders with a view to completing the company`s restructuring exercise in the near future and can ill afford to have this process affected by misinformation at such a crucial time.

The Gleaner Company (GLNR) has advised that The Hon. John Issa, O.J has been appointed as Honorary Chairman of the Board, replacing Prof. Hon. Gerald Lalor, O.J who resigned from the position. Mr. Joseph Matalon has also been appointed as a Vice Chairman, replacing The Hon. John Issa who retired as a director.

Scotia Investments Jamaica Limited (SIJL) has advised that Mr. Marcel Schroder has resigned from the Board of Directors of SIJL effective January 21, 2015.

Access Financial Services Ltd has advised that Ms. Deveta McLaren has been appointed Manager Retail Credit Sales and Ms. Catherine Thomas to the position of Manager Credit Administration effective January 16, 2015. Ms. McLaren joined the company in 2012 as its Marketing Manager, while Ms. Thomas has held the post of Operations Manager since 2010. In addition to Ms. McLaren's and Ms. Thomas' appointment the company also wishes to advise that the position of Human Resource Manager, Training Officer and Business Development Manager were made redundant.

Proven Investments Ltd has advised that the Board of Directors will consider making a dividend payment to both its ordinary and preference shareholders at a meeting to be held on February 9, 2015.

KPREIT - Signing of MOU

 Kingston Properties Limited (KPREIT) has advised that KPREIT signed an MOU with CEMEX Jamaica Limited to begin planning and construction of 105 affordable houses in Westmoreland, Jamaica. KPREIT further advised that the housing project is expected to be approximately $700 million with a completion timeframe of 18 to 24 months and will comprise primarily 2- bedroom homes.

TCL - Management Changes

Trinidad Cement Limited (TCL) has advised that Mr.Satnarine Bachew has resigned as General Manager, and has applied for early retirement in accordance with the Company's Early Retirement Plan. In the interim, Mr. Jinda Maharaj has been appointed to act as General Manager of Trinidad Cement Ltd (TCL) in addition to performing his substantive role as Group Manufacturing Development Manager.