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Caribbean Producers Joint Venture with Du Boulay Bottling Company Published: 06 February 2014

The Board of Directors of Caribbean Producers (Jamaica) Limited has advised that it signed a Shareholders’ Agreement on February 4th, 2014 to form a joint venture with the Du Boulay Bottling Company, the Coca Cola manufacturer operating in Castries, St. Lucia. The new company will be called CPJ St. Lucia Ltd. and commences operations as a foodservice distributor in Castries, St. Lucia in the near future. Caribbean Producers (Jamaica) Limited will retain controlling interest of this company.

FCIB to Delist from JSE Published: 06 February 2014

First Caribbean International Bank (FCIB) will be delisting from the Jamaica Stock Exchange (JSE). The Bank was notified by the JSE in October that it was in breach of rule 402B (i)(b) of the JSE Rules. This means that the that FCIB's proportion of the listed ordinary shares held by persons other than the majority shareholder fell below the 20% of the listed ordinary shares as well as the average total traded volume for the 36 month period prior to the notice from the JSE was below 2%. After revision, the Bank has determined that it will not be feasible to raise these metrics to the minimum required by the JSE rules. As a consequence FCIB has decided that it will accept that it will be delisted by the JSE. FCIB will thereafter will advise shareholders of special arrangements to facilitate continued trading of their shares on the Barbados Stock Exchange.

 

 

Sagicor Group Jamaica to Acquire RBC's Jamaican Banking Operations Published: 03 February 2014

Sagicor Group Jamaica has announced that the company will b e acquiring RBC Royal Bank (Jamaica) Ltd and RBTT Securities Jamaica Ltd from Royal Bank of Canada. The acquisition, subject to all regulatory approvals, is expected to be finalized in the coming months. Financial terms of the transaction were not disclosed.

Consolidated Bakeries Annual General Meeting Published: 03 February 2014

The Directors of Consolidated Bakeries Ltd (PURITY) have advised that the Annual General Meeting will be held at The Liguanea Club Friday, 7 February 2014 10 a.m. - 12 noon.

Derrimon Trading Company Appointment of Non-Executive Director Published: 03 February 2014

Derrimon Trading Company Limited has advised that Mrs. Tania Waldron-Gooden has been appointed as a Non-Executive Director to the Board of Derrimon Trading Company Ltd effective January 1, 2014 for a period of three (3) years. Mrs. Waldron-Gooden will also serve as a member of the Audit Committee of this Board.

NCBJ Annual General Meeting Published: 03 February 2014

The Annual General Meeting of National Commercial Bank Jamaica Limited will be held at the Mona Visitors' Lodge & Conference Centre, Mona, Kingston 7 in the parish of Saint Andrew on Thursday, February 27, 2014 at 3:00 p.m.

Cargo Handlers Dividend Consideration Published: 03 February 2014

The Board of Directors of Cargo Handlers Limited is scheduled to meet on February 4, 2014 to consider the payment of an interim dividend for the year 2014.

Kingston Properties Declares Dividend Published: 03 February 2014

The Board of Directors of Kingston Properties Limited has declared its first dividend for the year 2014 in the amount of US$0.0025 per stock unit payable on February 28, 2014 to stockholders on record as at February 10, 2014. The ex-dividend date is February 6, 2014.

Carreras Dividend Consideration Published: 28 January 2014

Carreras Limited has advised that the Directors will consider a dividend declaration at a meeting of the Board of Directors to be held on February 5, 2014.