Scotia Investment Jamaica Limited announced on Tuesday, October 2, 2017 that the Supreme Court has approved and sanctioned the scheme of arrangement pursuant to the stock units of the company. The Scheme will see shares held by the minority shareholders being cancelled, and in consideration of which, shareholders shall receive J$38.00 per share or the
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Supreme Ventures Limited (SVL) has advised that Mr. James Morrison, Interim President & CEO has resigned effective September 30, 2017. Mr. Morrison will however continue to serve the Group in a Consultative capacity for an interim period. SVL further advised that Mr. Lancelot Thomas will continue to serve in the capacity of Acting CFO.
Jamaica Stock Exchange (JSE) The JSE has advised that a connected party sold 87,000 JSE shares on October 2, 2017.
Jamaican Teas Limited (JAMT) has advised that a Director sold 25,000 JAMT shares on September 27, 2017.
Europe: EU to reform sales tax, end appeal of low-rate states in blow to Amazon The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon (AMZN.O).
Scotia Investments Jamaica Limited (SIJL) has advised that the Supreme Court of Jamaica has approved and sanctioned the Scheme of Arrangement pursuant to which stock units in the Company (other than those held by Scotia Group Jamaica Limited) will be cancelled in consideration for cash payments J$38.00 per stock unit (payable to stockholders in Jamaica
Key Insurance Company Limited (KEY) has advised that Natalia Gobin-Gunter, Executive Board Chairman and Kala Abrahams, Executive Director, have resigned from the positions Deputy Managing Director and Purchasing/Web Operations Manager respectively effective September 30, 2017. Natalia Gobin-Gunter and Kala Abrahams will continue to execute their duties as non-executive directors.
Salada Foods Jamaica Limited (SALF) has advised that a Director purchased 120,000 SALF shares on September 27, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that a connected party purchased a total of 240,760 SJ shares and sold 11,000 SJ shares during the period September 27 to 29, 2017.
