Board Appointments:
Caribbean Cement Company Limited (CCC) has advised of the appointment of Mr. Peter Donkersloot Ponce to its Board of Directors effective April 27, 2017. CCC further advised that Mr. Donkersloot remains as General Manager of CCC.
Daily Market Summary May 05 2017
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Annual General Meeting Announcements:
Sagicor Group Jamaica Limited (SJ) has advised that its Annual General Meeting has been scheduled for 3:00 p.m. on Friday, May 26, 2017 at the Auditorium, R. Danny Williams Building, 28-48 Barbados Avenue, Kingston 5.
Board Resignations:
Scotia Investments Jamaica Ltd. (SIJL) has advised that Catherine Welling has retired as a Director of Scotia Investments Jamaica Limited effective April 30, 2017.
Board Appointments:
Scotia Investments Jamaica Ltd. (SIJL) has advised that Mr. Peter Slan has been appointed as a Director of Scotia Investments Jamaica Limited effective May 1, 2017.
Dividend Declaration:
Jamaica Public Service Company Limited (JPS) JPS has declared quarterly dividends payable on June 30, 2017 to shareholders on record as at June 15, 2017 on the undermentioned classes of Preference Shares: (a) 7% Cumulative Preference Shares “B” - $0.035 (b) 5% Cumulative Preference Shares “C” - $0.025 (c) 5% Cumulative Preference Shares “D” -
Annual General Meeting Announcements:
Sagicor Real Estate X Fund Ltd. (XFUND) has advised that its Annual General Meeting has been scheduled for 10:00 a.m. on Friday, June 23, 2017 at Doubletree by Hilton, at the Entrance to Universal Orlando, 5780 Major Boulevard, Orlando, Florida 32819, USA.
Special Advisory:
Pulse Investments Limited (PULS) has advised that at a Board of Directors’ meeting scheduled for May 22, 2017 a 2 for 1 stock split will be considered with shareholders being issued one additional share for each share they currently hold in Pulse Investments Limited.
Trade In Shares:
Scotia Group Jamaica Limited (SGJ) has advised that three officers sold a total of 87,328 SGJ shares on May 1, 2017 under the Employee Share Ownership Plan. Seprod Limited (SEP) has advised that a Director sold a total of 28,751 SEP shares. These transactions were done during the period April 20 – April 27, 2017.
Overseas Headlines – May 04, 2017
U.S.: U.S. jobless claims fall, continuing claims hit 17-year low New applications for U.S. jobless benefits fell more than expected last week and the number of Americans on unemployment rolls hit a 17-year low, pointing to a tightening labour market that could encourage the Federal Reserve to raise interest rates next month. Initial claims for