Supreme Ventures Limited (SVL) has advised that it has decided to make redundant the position of AVP Facilities and Maintenance which primarily dealt with its recently closed Montego Bay operations. Accordingly, Mr. Nigel Warmington demitted office effective January 6, 2014.

The next Annual General Meeting of AMG Packaging & Paper Company Limited will be held at 9 Retirement Crescent, Kingston 5 on Tuesday, February 4, 2014
at 10 a.m.

The Board of Directors of Barita Investments Limited (BIL) has passed a Board Resolution for an interim dividend of $0.03 per stock unit to be paid on January 27, 2014 to shareholders on record as at January 10, 2014.  The ex-dividend date is January 8, 2014.

National Commercial Bank Jamaica Limited has advised on December 16, 2013 that the acquisition of AIC Finance Limited by NCB Capital Markets Limited has now been completed.

AIC Finance Limited was incorporated in the Republic of Trinidad and Tobago and held licenses under the Financial Institutions Act, 1993, as a financial institution with authority to undertake businesses as: finance house/finance company, confirming house/acceptance house, leasing corporation, mortgage institution and bureau de change.  Today the business accepts deposits, originates finances and services loans and leases, invests in investment securities, including certificates of participation in asset backed securities, and provides foreign exchange and trustee services.

Steven Gooden, CEO NCB Capital Markets shares what the acquisition represented for the enterprise: “We are seeking to expand to regional markets and grow our business through mergers and acquisitions.  This is another transaction that has strategic alignment with vast customer-value potential as well as realization of organizational vision.”

Gooden further stated, “Our goal at NCB Capital Markets is to continue to drive and secure wealth for all our stakeholders and we are proud of this milestone achievement for our Group.”

The Board of Directors of Sagicor Investments Jamaica Limited, at its Board meeting reconvened on December 18, 2013, declared an interim dividend in the amount of $0.91 per stock unit payable on January 28, 2014 to stockholders on record as at January 7, 2014 with an ex-dividend date of January 3, 2014.

The Board of Directors of AMG Packaging & Paper Company Limited will consider the payment of an interim dividend at a meeting scheduled for Tuesday, January 7, 2014.

The Board of Directors of Barita Investments Limited will consider (and if thought fit), recommend the payment of an interim dividend for the financial year ended September 30, 2013 at a meeting to be held on Friday, December 20, 2013.

K.L.E. Group Limited has advised that Mr. N. Patrick McDonald has resigned as a Director with effect from December 15, 2013. He has also resigned as Member of the Audit Committee with effect from December 15, 2013. Please note that, with regard to Mr. McDonald’s resignation from the Audit Committee, the resignation was in no way related to any disagreement in respect of accounting principles, the financial statement disclosure or any other material issue impacting the Audit Committee or its functions.

Honey Bun Limited has advised that Paul Watson, Head of Manufacturing has separated from the company effective December 11, 2013.

National Commercial Bank Jamaica has advised that the following senior managers will demit office effective December 31, 2013:

Mrs. Barbara Hume – Senior Assistant General Manager – Enterprise Underwriting Unit

Mrs. Bernaddette Barrow – Assistant General Manager – Small and Medium Enterprises Unit