The Board of Directors of GraceKennedy Limited will consider the declaration of an interim dividend at a meeting to be held on Thursday, November 7, 2013.
Dolphin Cove Limited has advised that the directors' meeting originally scheduled for Monday October 28, 2013, has been postponed to Monday, November 4, 2013. The board will be considering the payment of a dividend at the meeting.
Hardware and Lumber Limited (HL) has advised of plans to cease participation in the GraceKennedy Defined Benefits (DB) pension plan, offering in its place enrolment in the GraceKennedy Defined Contribution (DC) pension plan. "This is another in a series of steps to move H&L to greater independence and in time we expect HL to have its own DC pension plan, but we need time to go through the regulatory and other processes before we can achieve that" said HL CEO, Andrea Coy. In making its decision, the HL Board was also guided by the fact that pursuant to changes in the accounting standards effective in 2013, HL had taken onto its balance sheet a significant pension liability which will be removed on the company`s exit from the DB pension plan. The entire process for withdrawal from the DB pension plan is expected to be completed by the beginning of next year.
The Annual General Meeting of Desnoes & Geddes Limited will be held on Friday, November 1, 2013 at 214 Spanish Town Road, Kingston 11 at 10:00 a.m.
Trinidad Cement Limited (TCL) has advised that, as previously reported, on Friday 12th July, 2013, the Honourable Mr. Justice Harris granted an injunction restraining the holding of TCL`s Annual Meeting scheduled for 4:30 p.m. on that same day. TCL filed a Notice of Appeal challenging the granting of the injunction. The Court of Appeal Hearing had been fixed for Monday 30th September, 2013 but was rescheduled by the Court to Wednesday 9th October, 2013. The attorneys for the proposing shareholders applied for a further postponement of the hearing, due to the unavailability of their Senior Counsel. The Appeal has therefore been further rescheduled to Wednesday 13th November at 9:00 a.m.
Scotia Investments Jamaica Limited (SIJL) has advised that Mrs. Vanessa Scott, Vice President, Sales and Service, has been transferred from SIJL to Scotia Bank to assume the position of Director, Cross Group Business Development - Scotia Group Jamaica effective October 10, 2013. Mr. Courtney Sylvester has been appointed to the role of Senior Vice President - Sales, Service & Client Experience - SIJL effective October 15, 2013.
The Annual General Meeting of PAL will be held on Tuesday, December 10, 2013 at 2p.m. at 1a South Camp Road, Kingston.
The Board of Directors of Palace Amusement Company (1921) Limited (PAL) has declared a dividend of $1.75 per share payable on January 17, 2014 to shareholders on record as at January 8, 2014. The ex-dividend date is January 6, 2014.