Carreras Limited (CAR) has advised of the resignation of Mr. Alan Bergin as a Director and a member of the Audit Committee effective November 1, 2016. CAR further advised that Mr. Bergin`s resignation from the Audit Committee was not as a result of any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Audit Committee or his ability to properly carry out the functions delegated by the Board.

Palace Amusement Company (1921) Limited has advised that at a meeting of its Board of Directors held on October 11, 2016, it was unanimously decided that: (1) the next Annual General Meeting will be held on Tuesday, December 13, 2016 at 2 p.m. at its office located at 1A South Camp Road, Kingston; (2) a dividend of $1.00 per stock unit be recommended to be paid to shareholders on record as at January 9, 2017. The ex-dividend date to be January 5, 2017, and that payment be made on Tuesday, January 17, 2017; and (3) Mr. Brian St. Juste be appointed as a Director effective October 11, 2016.

Trinidad Cement Limited has advised that Mr. Christopher Dehring has tendered his resignation from the Board of Directors of the Company effect October 5, 2016.

Jamaican Teas Limited (JAMT) has advised that JRG Shoppers Delite Enterprise Ltd, a subsidiary of Jamaican Teas Limited, has entered into an agreement to sell the supermarket currently operating in Savanna la Mar under the name of Shoppers Delite. The sale will be effective October 31, 2016. JAMT advised that the value of the sale is not material to the overall assets of the company and the sale will not have a material impact on current operations, but will lead to some improvement in overall operating results in the future.

Dolphin Cove Limited has advised that at a board meeting scheduled for Monday 24 October 2016, consideration will be given to the payment of an interim dividend.

Sagicor Jamaica Limited (SJ) has advised that the Company on behalf of its managed funds has completed the acquisition of 217 of the 277 residential units in the condominium resort development, known as the Palmyra Resort and Spa in Montego Bay, St James and an adjoining power plant owned by Caribbean Green Power Systems Limited (In Receivership). 

National Commercial Bank Jamaica Limited has advised that Ms Sandra Grey was promoted to the role of Assistant General Manager in the Group Human Resources & Facilities Division, effective October 1, 2016.

NCB CAPITAL MARKETS LIMITED ADOPTS NEW REGULATIONS

Carreras Limited (CAR) has advised that the Board of Directors declared an interim dividend of one dollar and eighty cents ($1.80) per share unit, to be paid out of accumulated profits, payable on March 17, 2016 to shareholders on record as at February 22, 2016. The ex-dividend date is February 18, 2016.

GraceKennedy has announced that effective today, GraceKennedy Money Services (GKMS) will be expanding operations into the Turks and Caicos Islands through GraceKennedy Money Services Turks & Caicos Limited (“GKMS Turks & Caicos”). GKMS is a member of the GraceKennedy Group and authorized agent of Western Union.

With this new market, GraceKennedy through GKMS, now serves as Western Union’s agent in eleven countries across the Caribbean, including Jamaica, Trinidad & Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla, Montserrat, the British Virgin Islands and the most recent addition, the Cayman Islands in November 2015.

According to GraceKennedy Group CEO, Don Wehby, “As we mark our 25th year of representing Western Union in the region, we are pleased to offer Western Union services in the Turks & Caicos Islands. This expansion is aligned with GraceKennedy’s strategic vision of becoming a Global Consumer Group delivering long term consumer and shareholder value, through brand building and innovative solutions in food and financial services, provided by highly skilled and motivated people. With two and a half decades of expertise in the money services industry, we look forward to meeting the needs of customers in the Turks & Caicos Islands.” Mr Wehby is also Chairman of GraceKennedy Money Services Caribbean, SRL.

According to Michelle Allen, Chief Executive Officer of GKMS, “We are excited to offer customers in the Turks and Caicos Islands Western Union services. We are committed to providing our customers throughout the region with reliable, convenient and innovative money transfer solutions.” She continued, “We will also continue our investment in robust compliance systems, which are critical to our business, allowing us to protect our customers while meeting all regulatory requirements.”