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Derrimon Trading Increases Stake in CFF Published: 23 December 2016

Derrimon Trading Company Limited (DTL) has advised that it has commenced a process to acquire an additional 23,379,208 stock units in Caribbean Flavours and Fragrances Limited (CFF). The sum prepaid is J$105,206,436.00 which on completion, would translate to a price of J$4.50 per stock unit. The prepayment was made pursuant to a Deed dated December 15, 2016. DTL has further advised that is presently in discussions with the FSC as to the implementation of such follow-up actions that may be required by applicable laws or regulations.

 

Salada Foods Schedules AGM Published: 23 December 2016

Salada Foods Jamaica Limited has advised that its Annual General Meeting has been scheduled for 3:00 p.m. on Thursday, February 16, 2017 at the Knutsford Court Hotel, Windward Suite, 16 Chelsea Avenue, Kingston 5.

Pulse Declared Dividend Published: 23 December 2016

Pulse Investments Limited (PULS) has declared a dividend of $0.08 per share payable on February 21, 2017 to shareholders on record as at January 23, 2017. The ex-dividend date is January 19, 2017.

Mobay Ice to Delist Published: 14 December 2016

Montego Bay Ice Company Limited has advised that the following Special Resolution was passed at its Annual General Meeting held on June 24, 2015: "THAT the company takes the necessary regulatory steps to be delisted as a public company pursuant to and in agreement with the Rules of the Jamaica Stock Exchange".

Proven Investments to Purchase Bank of Saint Lucia International Published: 14 December 2016

Proven Investments Limited (PROVEN) has advised that on December 12, 2016 it entered into an Agreement for Sale and Purchase of Shares to acquire 100% of the common equity of Bank of Saint Lucia International Limited (BOSIL) from East Caribbean Financial Holding Company Limited for an undisclosed consideration. The proposed acquisition by PROVEN is subject to regulatory authority and approvals in Saint Lucia and is scheduled to be completed in the first quarter of 2017, subject to any extension by mutual agreement between the parties.

Margaritaville to Consider Dividend Payment Published: 13 December 2016

Margaritaville (Turks) Limited has advised that its Annual General Meeting has been scheduled for 11:00 a.m. on Thursday, January 5, 2017 at its Board Room located at No.16, M19 Southern Cross Boulevard, Freeport, Montego Bay.

Eppley Closes Preference Share Offer Published: 13 December 2016

Eppley Limited (EPLY) has advised that the Invitation for Subscription in respect of its cumulative redeemable preference shares maturing in 2021 at the price of J$6 per share made subject to a prospectus of Eppley Limited dated November 17, 2016 closed at 4p.m. on December 8, 2016. A total of 225 applications for shares valued at approximately $361.6 million were received. The basis of allotment of the shares is 100% of each application amount. EPLY has further advised that it will now make an application to the Jamaica Stock Exchange to list the 2021 Preference Shares in accordance with the terms and conditions of the prospectus.

Jamaica Producers to Consider Dividend Payment Published: 13 December 2016

Jamaica Producers Group Limited has advised that at a Board of Directors` meeting scheduled for December 14, 2016 an interim dividend payment will be considered.

Scotia Group and Scotia Investments Declared $0.45 Dividend Published: 13 December 2016

Scotia Group Jamaica Limited (SGJ) has declared an interim dividend of $0.45 per share payable on January 18, 2017 to shareholders on record as at December 28, 2016. The ex-dividend date is December 22, 2016. SGJ has also submitted its unaudited financial statements for the fourth quarter ended October 31, 2016.

Scotia Investments Jamaica Limited (SIJL) has declared an interim dividend of $0.45 per share payable on January 18, 2017 to shareholders on record as at December 28, 2016. The ex-dividend date is December 22, 2016. SIJL has also submitted its unaudited financial statements for the fourth quarter ended October 31, 2016.