The Board of Directors of Proven Investments Limited has approved the issuance of ordinary shares in the Company by way of a renounceable rights issue of one share for every four shares held.

Seprod Limited (SEP) has advised that Mr. Stephen Black and Dr. Wayne McLaughlin resigned as directors effective March 31, 2014 and Mr. Geoffrey Messado resigned effective April 7, 2014. SEP has also advised that Mr. Leonard Green and Mr. Aston Smith were appointed directors effective April 3, 2014.

Annual General Meeting of Supreme Ventures Limited will be held on Tuesday, June 3, 2014 at 10:00 a.m. at the Knutsford Court Hotel (Blue Mountain Suite) located at 11 Ruthven Road, Kingston 10.

The Board of Directors of Desnoes & Geddes Limited has adopted a Resolution to declare a second interim dividend for the year 2013/2014 in the amount of $0.10 per share and a special dividend of $0.15 per share payable on May 16, 2014 to shareholders on record as at April 24, 2014. The ex-dividend date is April 22, 2014.

The Annual General Meeting of Eppley Limited will be held at 58 Halfway Tree Road, on Thursday, May 8, 2014, at 11:30 a.m.

Sagicor Investments Jamaica Limited has advised that at the Extraordinary General Meeting held on March 27, 2014 100% of the stockholders present voted in favour of the Scheme of Arrangement as proposed by the Court Order at the meeting. Effectively the Scheme of Arrangement will result in stockholders of Sagicor Investments Jamaica Limited being issued with 1.8 Sagicor Group Limited Shares for every 1 ordinary stock unit held in Sagicor Investment Jamaica Limited. However this is subject to the final approval of the Supreme Court. Once approved a request will be made to the Jamaica Stock Exchange by order of the Board to close the register of Sagicor Investments Jamaica to effect the conversion/transfer of the stocks to Sagicor Group Limited. Thereafter an application will be made to list those shares in the register of Sagicor Group Limited and also for the delisting of Sagicor Investments Jamaica Limited.

GraceKennedy Limited (GK) has announced the appointment of Mrs. Grace Burnett to the position of CEO, Insurance, GK Financial Group Division and the appointment of Mr. Ryan Mack to the position of Deputy CEO of GK Foods Division. Both appointments become effective on April 1, 2014.

The Sagicor Group (SJ), the holding company for Sagicor Life Jamaica (SLJ) and all its subsidiaries, received approval from shareholders to exchange ordinary shares in Sagicor Investments for ordinary shares in Sagicor Group (SG). This follows the move late last year to replace shares of SLJ with SG shares on the stock exchange, which is all a part of the thrust to improve capital management and align the Group’s organisational structure with the requirements of the new omnibus legislation for deposit taking institutions. Of note, larger fi nancial groups such as Scotia have already gone through this reorganization process.

This swap will result in shareholders of Sagicor Investments receiving 1.8 units of Group shares for each Sagicor Investments’ shares owned. On Friday, the share price of Sagicor InvestmentsLimited closed at $17.10 while the Group shares closed at $9.36. This means that investors who purchased shares of the investment subsidiary at the current market price and subsequently entered into the swap would have earned a lower value of $16.85 for every unit of shares swapped. Relative to the start of the year when shares of Sagicor Investment’s traded at $16.53, investors who bought the stock at that market price would post an immediate gain upon the execution of the swap.

Once the process of the swap is completed, Sagicor Investments will be delisted from the JSE and the newly issued Sagicor Group shares listed by introduction on the Stock Exchange shortly thereafter.

Proven has advised that the Margaritaville (Turks) IPO closed Friday, March 28, 2014 and the offer was oversubscribed. Proven received 213 applications for 21,178,100 units and raised US$2,117,810.

The Board of Directors of Desnoes & Geddes Limited will meet on Monday, April 7, 2014 to consider a dividend payment.