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Businessuite 2017 Skin Index By Company – Caribbean

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Businessuite 2017 Skin Index -By Company Caribbean
2017 Rank Executive Company Skin Holdings 2016 US$ 2017 Skin Index
1 John W. Lee 138 Student Living Jamaica Limited 167,439,627 $6,262,840 40.40%
2 Douglas Stibel 138 Student Living Jamaica Limited 15,673,025 $586,227 3.78%
3 Oliver Clarke 1834 Investments Limited 434,557,600 $4,063,501 35.88%
4 Joseph Matalon 1834 Investments Limited 93,628,124 $875,506 7.73%
5 Christopher Barnes 1834 Investments Limited 5,308,834 $49,642 0.44%
6 Douglas R. Orane 1834 Investments Limited 1,053,553 $9,852 0.09%
7 Marcus James Access Financial Services Limited 120,220,534 $20,609,770 43.79%
8 Neville James Access Financial Services Limited 7,174,950 $1,230,023 2.61%
9 Christian Mouttet Agostini’s Limited 29,526,008 $81,921,818 42.80%
10 Anthony J. Agostini Agostini’s Limited 746,685 $2,071,726 1.08%
11 Rajesh Rajkumarsingh Agostini’s Limited 28,230 $78,326 0.04%
12 Joseph Esau Agostini’s Limited 10,000 $27,746 0.01%
13 Antonia Hugh AMG Packaging & Paper Co Ltd 32,351,718 $6,178,918 31.60%
14 George Hugh AMG Packaging & Paper Co Ltd 24,263,792 $4,634,190 23.70%
15 Mark Chin/Paul Chin AMG Packaging & Paper Co Ltd 24,263,792 $4,634,190 23.70%
16 Dr. Rolph N.S. Balgobin Angostura Holdings Limited 0 $0 0.00%
17 Robert Wong Angostura Holdings Limited 0 $0 0.00%
18 Romesh Singh Angostura Holdings Limited 0 $0 0.00%
19 Anthony N. Sabga ANSA Mc Al Limited 110,898,547 $1,168,573,955 62.94%
20 A. Norman Sabga ANSA Mc Al Limited 1,649,453 $17,380,821 0.94%
21 David B. Sabga ANSA Mc Al Limited 172,404 $1,816,677 0.10%
22 Andrew N. Sabga ANSA Mc Al Limited 122,858 $1,294,595 0.07%
23 Aneal Maharaj ANSA Mc Al Limited 21,202 $223,412 0.01%
24 Anthony N. Sabga ANSA Merchant Bank Limited 72,929,056 $463,397,478 85.19%
25 Gregory N. Hill ANSA Merchant Bank Limited 0 $0 0.00%
26 Trevor Edwards ANSA Merchant Bank Limited 0 $0 0.00%
27 Banks Holdings Limited 0 $0 0.00%
28 Rita Humphries-Lewin Barita Investments 339,975,664 $15,895,379 76.40%
29 John Minott Barita Investments 5,885,322 $275,165 1.32%
30 Karl Lewin Barita Investments 5,675,322 $265,347 1.28%
31 George W. Cooper Barita Investments 5,302,322 $247,907 1.19%
32 Ian A Mcnaughton Barita Investments 296,000 $13,839 0.07%
33 Peta Rose Hall Barita Investor only 11,188,814 $523,127 2.51%
34 Mustafa Turra Berger Paints Ltd 0 $0 0.00%
35 Directors’ Shareholding Berger Paints Trinidad Limited 0 $0 0.00%
36 Senior Management Berger Paints Trinidad Limited 0 $0 0.00%
37 BICO Industries Limited 0 $0 0.00%
38 Dahru Tanner Blue Power Group Limited 28,300,800 $6,615,943 50.09%
39 Ivan Berry C2W Music Limited 180,000,000 $490,922 45.00%
40 Derek Wilkie C2W Music Limited 80,000,000 $218,187 20.00%
41 Cable & Wireless (Barbados) Limited 0 $0 0.00%
42 Garfield H Sinclair Cable and Wireless Jamaica – FLOW 4,021,000 $25,067 0.02%
43 Steven Marston CAC 2000 Limited 67,462,522 $2,602,193 52.28%
44 Colin Roberts CAC 2000 Limited 27,355,291 $1,055,160 21.20%
45 Antony Hart Cargo Handlers Limited 11,324,264 $1,632,501 27.21%
46 Mark Hart Cargo Handlers Limited 10,991,198 $1,584,487 26.41%
47 Jane Fray Cargo Handlers Limited 10,991,198 $1,584,487 26.41%
48 Thersa Chin Cargo Handlers Limited 760,022 $109,564 1.83%
49 Alejandro Vares Caribbean Cement Co. 300 $79 0.00%
50 Scoops Un-Limited Limited Caribbean Cream Limited 121,141,801 $7,079,900 32.00%
51 Carol Clarke Webster Caribbean Cream Limited 58,521,764 $3,420,192 15.46%
52 Matthew G. Clarke Caribbean Cream Limited 58,221,764 $3,402,659 15.38%
53 Christpher Clarke Caribbean Cream Limited 53,221,764 $3,110,444 14.06%
54 Derrick Cotterll Caribbean Flavours & Fragrances Ltd 67,457,330 $6,307,862 75.02%
55 Ian C. Kelly Caribbean Flavours & Fragrances Ltd 2,322,814 $217,204 2.58%
56 Anthony James Caribbean Flavours & Fragrances Ltd 820,700 $76,743 0.91%
57 Mark Hart Caribbean Producers Ja Ltd 880,000,000 $22,629,159 80.00%
58 Marcus Steele Carreras Limited 0 $0 0.00%
59  R. Geoffrey Cave, Cave Shepherd & Company Limited 5,858,534 $10,252,435 32.02%
60 R. M. Cave Cave Shepherd & Company Limited 320,235 $560,411 1.75%
61  John M. B. Williams Cave Shepherd & Company Limited 56,602 $99,054 0.31%
62 Anthony Chang Consolidated Bakeries (Jamaica) Ltd 155,675,286 $2,741,574 69.90%
63 Derrick Cotterll Derrimon Trading Company Ltd 110,000,000 $4,714,408 40.24%
63 Monique Cotterll Derrimon Trading Company Ltd 40,000,000 $1,714,330 14.63%
64 Ian C. Kelly Derrimon Trading Company Ltd 15,743,459 $674,737 5.76%
65 Winston Thomas Derrimon Trading Company Ltd 13,363,979 $572,757 4.89%
66 Stafford Burrowes Dolphin Cove Limited 45,367,938 $5,302,884 11.56%
67 Marilyn Burrowes Dolphin Cove Limited 1,000,008 $116,887 0.25%
68 Nicholas Scott Eppley Limited 156,849 $898,340 19.70%
69 Nigel Clarke Eppley Limited 142,631 $816,908 17.91%
70 Melanie Subratie Eppley Limited 136,020 $779,044 17.08%
71 P.B. Scott Eppley Limited 136,020 $779,044 17.08%
72 Owned by Parent 91.67% First Caribbean International Bank Ltd 0 $0 0.00%
73 Sharon Christopher First Citizens Bank Limited 23,227 $128,742 0.01%
74 Jason Julien First Citizens Bank Limited 5,000 $27,714 0.00%
75 Richard Look Kin First Citizens Bank Limited 2,381 $13,197 0.00%
76 Karen Darbasie First Citizens Bank Limited 0 $0 0.00%
77 Anthony Isidore Smart First Citizens Bank Limited 0 $0 0.00%
78 Sharon Donaldson General Accident Insurance Co Ltd 3,377,956 $73,703 0.33%
79 William Putnam Goddard Enterprises Limited 502,027 $2,261,632 0.89%
80 Charles Herbert Goddard Enterprises Limited 159,097 $716,732 0.28%
81 Anthony Ali Goddard Enterprises Limited 18,141 $81,725 0.03%
82 Douglas R. Orane Gracekennedy Ltd. 21,358,272 $6,823,729 6.45%
83 Donald G. Wehby Gracekennedy Ltd. 10,929,855 $3,491,966 3.30%
84 Ryan Mack Gracekennedy Ltd. 1,202,460 $384,173 1.49%
85 Frank A. R. James Gracekennedy Ltd. 2,010,153 $642,221 0.61%
86 Michael Ranglin Gracekennedy Ltd. 1,568,097 $500,989 0.47%
87 Gordon V. Shirley Gracekennedy Ltd. 612,092 $195,557 0.18%
88 Arthur Lok Jack Guardian Holdings Limited 14,590,771 $29,246,740 6.29%
89 Peter Ganteaume Guardian Holdings Limited 645,000 $1,292,882 0.28%
90 Fé Lopez-Collymore Guardian Holdings Limited 291,913 $585,130 0.13%
91 Brent Ford Guardian Holdings Limited 268,417 $538,033 0.12%
92 Richard Espinet Guardian Holdings Limited 124,758 $250,073 0.05%
93 Ravi Tewari Guardian Holdings Limited 116,044 $232,607 0.05%
94 Anthony N. Sabga III Guardian Media Limited 9,035 $27,187 0.02%
95 Teresa White Guardian Media Limited 0 $0 0.00%
96 Larry Jerome Guardian Media Limited 0 $0 0.00%
97 Michelle Chong Honey Bun (1982) Limited 37,500,000 $1,709,460 39.79%
98 Herbert Chong Honey Bun (1982) Limited 37,500,000 $1,709,460 39.79%
99 Ingrid Innes Insurance Corporation of Barbados Ltd 23,979 $45,081 0.06%
100 Goulbourne Alleyne, Insurance Corporation of Barbados Ltd 7,985 $15,012 0.02%
101 R. John Wight Insurance Corporation of Barbados Ltd 0 $0 0.00%
102 Richard Evan Thwaites IronRock Insurance Company Limited 56,000,000 $1,745,500 26.17%
103 William A. McConnell IronRock Insurance Company Limited 54,500,000 $1,698,745 25.47%
104 Wayne N. Hardie IronRock Insurance Company Limited 1,025,727 $31,972 0.48%
105 Dennis Smith (Gencorp Limited) ISP Finance Services Limited 54,517,500 $3,610,993 51.92%
106 Robert Chung (Sunfisher Corp) ISP Finance Services Limited 45,832,500 $3,035,738 43.65%
107 Primrose Smith ISP Finance Services Limited 1,500,000 $99,353 1.43%
108 Robert Levy Jamaica Broilers Group 152,376,620 $17,691,979 12.71%
109 Christopher Levy Jamaica Broilers Group 16,844,106 $1,955,717 1.40%
110 Claudette Cook Jamaica Broilers Group 4,060,899 $471,498 0.34%
111 Ian Parsard Jamaica Broilers Group 3,207,739 $372,441 0.27%
112 Charles. H. Johnston Jamaica Producers Group 17,510,498 $1,262,153 9.36%
113 M. McG. Hall Jamaica Producers Group 16,769,284 $1,208,727 8.97%
114 Mrs. K.A.J. Moss Jamaica Producers Group 6,060,078 $436,809 3.24%
115  Jeffrey. McG. Hall Jamaica Producers Group 4,418,537 $318,487 2.36%
116 Robin Levy Jamaica Stock Exchange Ltd 50,000 $2,143 0.04%
117 Marlene Street Forrest Jamaica Stock Exchange Ltd 30,000 $1,286 0.02%
118 Violet Helen Mahfood Jamaican Teas Limited 118,015,318 $4,460,175 34.98%
119 John Mahfood Jamaican Teas Limited 94,064,178 $3,554,985 27.88%
120 Norman Russell Jamaican Teas Limited 300,000 $11,338 0.09%
121 Andrew Jackson Jetcon Corporation Limited 117,302,400 $5,484,411 60.31%
122 John Jackson Jetcon Corporation Limited 1,620,000 $75,742 0.83%
123 Keith P. Duncan JMMB Group Ltd 101,144,376 $11,428,298 6.20%
124 Donna Duncan-Scott JMMB Group Ltd 87,013,712 $9,831,675 5.34%
125 Noel A. Lyon JMMB Group Ltd 84,061,652 $9,498,122 5.16%
126 Wayne Sutherland JMMB Group Ltd 38,050,860 $4,299,365 2.33%
127 Archibald Campbell JMMB Group Ltd 363,227 $41,041 0.02%
128 Natalia Gobin-Gunter Key Insurance Company Limited 88,405,445 $1,791,118 25.11%
129 Sandra Masterton Key Insurance Company Limited 88,405,444 $1,791,118 25.11%
130 Kayla Abrahams Key Insurance Company Limited 88,405,444 $1,791,118 25.11%
131 Garfield H Sinclair Kingston Properties Limited 4,164,407 $324,508 2.59%
132 Kevin Richards Kingston Properties Limited 10,500 $818 0.01%
133 Grantley Stephenson Kingston Wharves 331,369 $51,669 0.02%
134 Joseph Bogdanovich KLE Group Limited 23,168,835 $352,055 23.17%
135 Gary Matalon KLE Group Limited 16,073,628 $244,242 16.07%
136 Stephen Shirley KLE Group Limited 10,111,500 $153,646 10.11%
137 Oliver Townsend Knutsford Express Limited 33,526,664 $5,225,070 33.53%
138 Anthony Copeland Knutsford Express Limited 23,926,664 $3,728,928 23.93%
139 Gordon Townsend Knutsford Express Limited 17,526,664 $2,731,499 17.53%
140 Lascelles Chin Lasco Distributors Limited 2,668,889,040 $146,619,401 79.07%
141 Eileen Chin Lasco Distributors Limited 15,006,740 $824,418 0.44%
142 Peter Chin Lasco Distributors Limited 14,000,000 $769,111 0.41%
143 A. Alex Balogun Lasco Distributors Limited 3,429,733 $188,417 0.10%
144 Lascelles Chin Lasco Financial Services Limited 761,704,332 $18,459,444 62.02%
145 Jacinth Hall-Tracey Lasco Financial Services Limited 7,346,198 $178,031 0.60%
146 Lascelles Chin Lasco Manufacturing Limited 3,247,122,250 $126,514,543 79.45%
147 Eileen Chin Lasco Manufacturing Limited 16,000,000 $623,393 0.39%
148 Peter Chin Lasco Manufacturing Limited 5,585,980 $217,641 0.14%
149 Ian Dear Margaritaville Caribbean Limited 25,000 $1,068 50.00%
150 Elliot Gervase Warner Massy Holdings Limited 161,588 $1,331,439 0.17%
151 Paula Rajkumarsingh Massy Holdings Limited 145,017 $1,194,898 0.15%
152 Angela Hamel-Smith Massy Holdings Limited 82,296 $678,095 0.08%
153 Robert Bermudez Massy Holdings Limited 27,849 $229,468 0.03%
154 Christopher Berry Mayberry Investments Ltd. 470,222,514 $20,152,917 39.15%
155 Konrad Berry Mayberry Investments Ltd. 465,985,397 $19,971,321 38.79%
156 Gary Peart Mayberry Investments Ltd. 34,740,915 $1,488,935 2.89%
157 Winston Boothe Medical Disposables & Supplies Ltd 50,000,000 $1,636,406 19.00%
158 Myrtis Boothe Medical Disposables & Supplies Ltd 50,000,000 $1,636,406 19.00%
159 Kurt Boothe Medical Disposables & Supplies Ltd 50,000,000 $1,636,406 19.00%
160 Nikeisha Boothe Medical Disposables & Supplies Ltd 50,000,000 $1,636,406 19.00%
161 Michael Lee Chin National Commercial Bank Jamaica Ltd. 1,615,291,544 $629,350,715 65.48%
162 Patrick Hylton National Commercial Bank Jamaica Ltd. 18,799,058 $7,324,499 0.76%
163 Dennis Cohen National Commercial Bank Jamaica Ltd. 86,480 $33,694 0.00%
164 Jerry Hospedales National Enterprises Limited 8,410 $14,192 0.00%
165 Ross Alexander National Enterprises Limited 2,000 $3,375 0.00%
166 Terrance Clarke National Enterprises Limited 0 $0 0.00%
167 John Lum Young One Caribbean Media Limited 170,500 $537,633 0.26%
168 Rashidan Bolai One Caribbean Media Limited 40,000 $126,131 0.06%
169 Dawn Thomas One Caribbean Media Limited 2,000 $6,307 0.00%
170 Faarees Hosein One Caribbean Media Limited 0 $0 0.00%
171 Anthony Shaw One Caribbean Media Limited 0 $0 0.00%
172 Charles Graham Palace Amusement 1,074,444 $1,632,639 74.77%
173 Stephen B Facey Pan-Jamaican Investment Trust 433,878,694 $94,666,901 40.70%
174 Paul Facey Pan-Jamaican Investment Trust 433,878,694 $94,666,901 40.70%
175 Hugh Graham Paramount Trading (Jamaica) Ltd 123,396,684 $2,884,673 80.00%
176 Radcliff Knibbs Paramount Trading (Jamaica) Ltd 3,053,605 $71,385 1.98%
177 Harold Ragbir PLIPDECO Limited 4,046 $2,372 0.01%
178 Ernest Ashley Taylor PLIPDECO Limited 4,000 $2,345 0.01%
179 Ian R. H. Atherly PLIPDECO Limited 0 $0 0.00%
180 Haroon Fyzool Awardy PLIPDECO Limited 0 $0 0.00%
181 Christian E. Mouttet Prestige Holdings Limited 42,685,422 $74,401,376 68.28%
182 Angela Sobrian Prestige Holdings Limited 136,512 $237,943 0.22%
183 Charles R. Pashley Prestige Holdings Limited 110,000 $191,732 0.18%
184 Anthony Martins Prestige Holdings Limited 79,996 $139,434 0.13%
185 Peter Bunting Proven Investments Limited 30,087,130 $4,337,348 5.45%
186 Winston Hepburn Proven Investments Limited 10,200,000 $1,470,428 1.85%
187 Garfield H Sinclair Proven Investments Limited 5,505,218 $793,630 1.00%
188 Kingsley Cooper Pulse Invesments Ltd. 198,344,919 $4,636,755 72.98%
189 Romae Gordon Pulse Invesments Ltd. 1,635,279 $38,228 0.60%
190 Safia Cooper Pulse Invesments Ltd. 1,079,422 $25,234 0.40%
191 J. A. Lester Spaulding Radio Jamaica 26,607,207 $269,535 7.44%
192 Christopher Barnes Radio Jamaica 4,307,000 $43,630 1.20%
193 Gary Allen Radio Jamaica 361,228 $3,659 0.10%
194 Parasram Heerah Readymix (West Indies) Limited 5,645 $9,830 0.05%
195 Malcolm Sooknanan Readymix (West Indies) Limited 0 $0 0.00%
196 Nigel Edwards Readymix (West Indies) Limited 0 $0 0.00%
197 Andres Peña Readymix (West Indies) Limited 0 $0 0.00%
198 Nigel M. Baptiste Republic Financial Holdings Limited 17,070 $293,313 0.01%
199 Parasram Salickram Republic Financial Holdings Limited 10,183 $174,974 0.01%
200 Anthony C. Subero Republic Financial Holdings Limited 9,294 $159,699 0.01%
201 Ronald F. deC. Harford Republic Financial Holdings Limited 4,574 $78,595 0.00%
202 Dodrige Miller Sagicor Financial Corporation 1,707,967 $1,716,507 0.56%
203 Richard Kellman Sagicor Financial Corporation 421,576 $423,684 0.14%
204 Stephen McNamara Sagicor Financial Corporation 23,993 $24,113 0.01%
205 Richard Byles Sagicor Group Jamaica Limited 25,617,515 $5,789,043 0.66%
206 Donovan Perkins Sagicor Group Jamaica Limited 12,207,687 $2,758,692 0.31%
207 Ivan Carter Sagicor Group Jamaica Limited 9,076,673 $2,051,146 0.23%
208 Rohan Miller Sagicor Group Jamaica Limited 2,595,465 $586,523 0.07%
209 Philip Armstrong Sagicor Group Jamaica Limited 2,547,982 $575,793 0.07%
210 Mark Chisholm Sagicor Group Jamaica Limited 2,391,853 $540,511 0.06%
211 Richard Byles Sagicor Real Estate X Fund 5,389,505 $495,987 0.24%
212 Rohan Miller Sagicor Real Estate X Fund 500,000 $46,014 0.02%
213 Donovan Lewis Salada Foods Jamaica 81,447,767 $5,394,732 78.40%
214 Patsy Latchman-Atterbury Scotia Group Jamaica 191,576 $54,862 0.01%
215 Jacqueline Sharp Scotia Group Jamaica 190,010 $54,413 0.01%
216 Horace (Craig) Mair Scotia Group Jamaica 24,741 $7,085 0.00%
217 Lissant Mitchell Scotia Investments Jamaica 2,000 $521 0.00%
218 Reshard Mohammed Scotiabank Trinidad & Tobago Limited 2,076 $19,356 0.00%
219 Anya M. Schnoor Scotiabank Trinidad & Tobago Limited 500 $4,662 0.00%
220 Tricia De La Rosa-Camacho Scotiabank Trinidad & Tobago Limited 0 $0 0.00%
221 Brendan King Scotiabank Trinidad & Tobago Limited 0 $0 0.00%
222 Richard Pandohie Seprod Limited 200,000 $45,975 0.04%
223 Charles Ross Sterling Investments Limited 1,892,790 $231,566 3.39%
224 Ian Kent Levy Supreme Ventures 324,541,171 $13,403,477 12.31%
225 Paul Hoo Supreme Ventures 170,000,000 $7,020,962 6.45%
226 James Morrison Supreme Ventures 345,165 $14,255 0.01%
227 Henry Graham Sweet Rier Abattoir & Supplis Company 15,035,009 $452,234 18.44%
228 Valdence Gifford Sweet Rier Abattoir & Supplis Company 4,995,058 $150,245 6.13%
229 Ranjit R Jeewan The West Indian Tobacco Company Ltd 28,000 $563,203 0.03%
230 Jean-Pierre S du Coudray The West Indian Tobacco Company Ltd 14,219 $286,007 0.02%
231 Solmer Thom The West Indian Tobacco Company Ltd 50 $1,006 0.00%
232 Anthony E Phillip The West Indian Tobacco Company Ltd 0 $0 0.00%
233 Anand Ragbir Trinidad and Tobago NGL Limited 28,238 $93,964 0.02%
234 Gerry C. Brooks Trinidad and Tobago NGL Limited 10,694 $35,585 0.01%
235 Andrew Jupiter Trinidad and Tobago NGL Limited 9,078 $30,208 0.01%
236 Sheldon K. Sylvester Trinidad and Tobago NGL Limited 0 $0 0.00%
237 Wilfred Espinet Trinidad Cement Limited 10,285,195 $7,170,904 2.75%
238 Parasram Heerah Trinidad Cement Limited 1,735,277 $1,209,846 0.46%
239 Jinda Maharaj Trinidad Cement Limited 1,071,532 $747,079 0.29%
240 José Luis Seijo González Trinidad Cement Limited 0 $0 0.00%
241 Edward Charles Alexander tTech Limited 41,284,834 $1,705,054 38.95%
242 Norman Abraham Chen tTech Limited 15,391,566 $635,668 14.52%
243 Christopher Reckord tTech Limited 15,263,795 $630,391 14.40%
244 Hugh O’Brian Allen tTech Limited 8,806,028 $363,687 8.31%
245 Marcelle Smart tTech Limited 2,370,399 $97,897 2.24%
246 Roxane E. de Freitas Unilever Caribbean Limited 1,000 $9,482 0.00%
247 Pablo Garrido Unilever Caribbean Limited 0 $0 0.00%
248 Lucy Walsh Unilever Caribbean Limited 0 $0 0.00%
249 Mark Beepath Unilever Caribbean Limited 0 $0 0.00%
250 Christopher D. Bynoe West India Biscuit Company Limited 0 $0 0.00%
251 Adrian Padmore West India Biscuit Company Limited 0 $0 0.00%

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11 months ago

[…] Businessuite 2017 Skin Index By Company – Caribbean […]

Businessuite Markets

Tyrone Wilson Returns to iCREATE LIMITED In Dramatic Fashion Played Out At Annual General Meeting

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iCreate Limited (“iCreate” or “Company”) recently held its Annual General Meeting (“AGM”) on Friday, November 24, 2023 for the financial year ended December 31, 2022. Upon the demand of a poll and after the ordinary and special resolutions were voted on by the shareholders, the results of each resolution are as follows: –

Resolution No. 1
“THAT the Reports of the Directors and Auditors and the Audited Financial Statements for the year ended December 31, 2022 be received and adopted.”
Result: This resolution was passed by a majority of the shareholders in attendance. There were no votes recorded against the passage of this resolution.

Resolution No. 2 (a)
“THAT the Directors, retire by rotation upon the expiration of one year (1) year and be re-elected and appointed by a single resolution.”
Result: This resolution was not passed as a majority of the shareholders voted against same.

Resolution No. 2 (b)
“THAT Ms. Arlene Martin who retires by rotation and being eligible for re-election be and is hereby reelected and appointed as a Director of the Company.”
Result: This resolution was not passed as a majority of the shareholders voted against same.

Resolution No. 2 (c)
“THAT Mr. Ricardo Allen who retires by rotation and being eligible for re-election be and is hereby re-elected and appointed as a Director of the Company.”
Result: This resolution was not passed as a majority of the shareholders voted against same.

Resolution No. 2 (d)
“THAT Mrs. Dainya-Joy Wint who retires by rotation and being eligible for re-election be and is hereby reelected and appointed as a Director of the Company.”
Result: This resolution was not passed as a majority of the shareholders voted against same.

Resolution No. 2 (e)
“THAT Mr. Larren Peart who retires by rotation and being eligible for re-election be and is hereby re-elected and appointed as a Director of the Company.”
Result: This resolution was passed by a majority of the shareholders in attendance. There were no votes recorded against the passage of this resolution.

Resolution No. 2 (f)
“THAT Mr. Ivan Carter who retires by rotation and being eligible for re-election be and is hereby re-elected and appointed as a Director of the Company.”
Result: This resolution was not passed as a majority of the shareholders voted against same.

Resolution No. 2 (g)
“THAT Mr. Adrian Smith who retires by rotation and being eligible for re-election be and is hereby re-elected and appointed as a Director of the Company.”
Result: This resolution was passed by a majority of the shareholders in attendance. There were no votes recorded against the passage of this resolution.

Resolution No. 3
“THAT the remuneration of the Directors be determined by the Board of Directors upon their re-election for the ensuing year.”
Result: This resolution was passed by a majority of the shareholders in attendance. There were no votes recorded against the passage of this resolution.

Resolution No. 4
“THAT CrichtonMullings & Associates, Chartered Accountants, having agreed to continue in office as auditors, be and are hereby appointed Auditors of the Company, to hold office until the next Annual General Meeting at a remuneration to be fixed by the Directors of the Company.”
Result: This resolution was not passed as a majority of the shareholders voted against same.

Resolution No. 5
“THAT Article 99 of the Company’s Articles of Incorporation be amended, approved and adopted by the Company to permit for the retirement, re-election and appointment of Directors to be done on a three (3) year rotation and the Directors be authorised and directed to register such amendment to the Company’s Articles of Incorporation with the Office of the Registrar of Companies as the Board of Directors of the Company may deem appropriate after receiving requisitions from the Office of the Registrar of Companies Registrar, by replacing and/or amending Article 99 to provide as follows: –

“At the first Annual General Meeting of the Company all the Directors shall retire from office, and at the Annual General Meeting in every subsequent year, one-third of the Directors for the time being or, if their number is not three (3) or a multiple of three (3), the number nearest one third (1/3) all of the Directors for the time being shall likewise retire from office.”

Result: This resolution was not passed as a majority of the shareholders voted against same.

Upon Notices being submitted to the Company of the proposal to nominate Mr. Tyrone Wilson at the AGM as a Director of iCreate and his acceptance thereof, this resolution was transacted under any other business which could be properly be brought before the AGM. This resolution was moved and seconded and put to a vote by the shareholders. The resolution was passed by a majority of the shareholders in attendance. There were no votes recorded against the passage of this resolution and Mr. Wilson was subsequently appointed as a Director of the Company with immediate effect.

The status of the Company as at November 24, 2023 is as follows: –
1. Directors: Mr. Tyrone Wilson (non-independent executive director);
Mr. Larren Peart (independent non-executive director); and
Mr. Adrian Smith (independent non-executive director)
2. The Company is without an Auditor.
The Company will be filling the casual vacancies in short order and securing the services and appointment of an Auditor so as to ensure compliance of the relevant sections of the JSE Junior Market Rules.

The Company wishes to express its gratitude to the shareholders who attended and participated at the AGM and its Management team.

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Businessuite Markets

NCB Financial Group 2023 Consolidated Net Profit Attributable To Stockholders Of Parent Down 68%

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Robert Almedia Interim Group Chief Executive Officer has released the following Fourth Quarter 2023 results for NCB Financial Group Limited (NCBFG) and its subsidiaries (the Group) for the year ended September 30, 2023.

NCBFG reports consolidated net profit of $15.3 billion for the year ended September 30, 2023, a 56% or $19.8 billion decline from the prior year.

Consolidated net profit attributable to stockholders of the parent totalled $7.6 billion, a reduction of $16.3 billion or 68% from the prior year.

For the quarter ended September 30, 2023, the Group reported net profit of $1.6 billion, a $5.8 billion or 78% decrease from the June 2023 quarter.

Net loss attributable to stockholders of the parent for the September 2023 quarter was $2.1 billion, $7.6 billion lower than the previous quarter.

Stockholders’ equity of $223.7 billion increased by 16% or $30.5 billion.
Equity attributable to stockholders of the parent totalled $170.4 billion, up 17% or 424.3 billion over the prior year.

The net result was impacted by significant non-recurring events, primarily related to strategic restructuring activities.

NCBFG remains firmly committed to sustainable growth and continued success. The Group begins the new fiscal year in a strong position given the actions taken in the fourth quarter,
which will result in significantly reduced operating expenses, improved operational efficiency and effectiveness as well as a stronger more efficient capital position.

Our dedicated team, with their unwavering commitment, continues to be instrumental to the Group’s success and stability. We are confidently poised to enhance shareholder value and secure a prosperous path for the Group and our valued stakeholders and remain enthusiastic about the opportunities that lie ahead.

Restatement
There was a restatement of the prior year’s results in our Life and Health Insurance and Pension Fund Management (LHP) segment and in the Holding Company. The restatement in LHP segment was due to a non-recurring actuarial adjustment of $4.3 billion, previously booked in the December 2022 quarter in relation to the 2022 financial year. The restatement in the Holding Company was in relation to certain staff benefits.

Group Performance
Operating income of $137.3 billion declined by $8.0 billion or 6%. This was primarily as a result of events in our LHP segment. Additionally, during the September quarter the Group made significant leadership and other changes, which resulted in restructuring and separation costs.

The reduced revenues, in addition to increased operating expenses impacted most of our key performance metrics.
Return on assets (ROA) and return on equity (ROE) declined to 0.71% from 1.76% and 4.80% from 15.53%, respectively. The cost to income ratio increased to 82.54% up from 71.40% in the prior year.

The decline in these metrics is due to certain non-recurring events. There is a renewed commitment to enhancing operational efficiency, optimising asset utilisation and reducing costs.

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Jetcon Corporation Ends Third Quarter Of 2023 With Loss Of JA$7.1M As Management Explores New Vehicle Sales

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Jetcon Corporation ended its Third Quarter of 2023 with a loss of JA$7.1million, compared to a JA$$12M profit in the same period last year. This as sales continues its trend downwards to be roughly half those of last year.

Jetcon’ s statement of comprehensive income for the second quarter ended June 30, 2023 also showed a loss of JA$3.50M. This management said was due to prudent fiscal policy adopted by the company in the month of April 2023. This saw the company disposing of 10 vehicles which it carried on the books that were haemorrhaging in value. If these vehicles were sold at market value the company’s profit would have been $8.99 Million.

Jetcon also ended that second quarter with revenue decreasing 27 percent, to JA$184M, compared with the same period in 2022 and 28 percent for the half year to JA$363M. This according to management was mostly due to increased rates by the Bank of Jamaica which saw lenders preferring to invest available funds with the Bank of Jamaica rather than lending to those wishing to purchase vehicles.

Third Quarter Inventories totaled $419million, while receivables totaled $93million.

The company continues to grow inventory of solar equipment as they push to diversify operations to make it more resilient to economic shocks.

While used vehicle sales continue to stagnate, management is nevertheless beginning the exploration of new vehicle sales, a market which has seen increased sales year-on-year.

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A.S. Bryden & Sons Holdings Limited Lists On The JSE’s Main Market And USD Equities Market

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A.S. Bryden & Sons Holdings Limited, a Trinidadian company acquired by Seprod Limited, officially listed its ordinary shares on the Main Market of the Jamaica Stock Exchange (JSE) and its Class A Preference Shares on the JSE USD Equities Market on November 10, 2023, by Introduction. The Company being the first to list on the Main Market and USD Equities Market of the JSE in 2023. The Company commenced trading of the ordinary shares under the short name ASBH at a price of JA$22.50 on the Main Market and the Preference Shares under the short name ASBH6.00 at a price of US$1.00 on the USD Equities Market.

ASBH is the 52nd company to list on the JSE’s Main Market, 14th company on the USD Equities Market and the 102 company listed overall on the JSE. The listing of A.S. Bryden & Sons Holdings Limited has increased to twelve (12), the new securities that are listed on the JSE since January 2023.

“The total money raised on the market shows that equity capital is the way to finance your business, especially during a high interest rate regime, said the delighted Group Business Development Manager of the Jamaica Stock Exchange, Mr. Andre Gooden, in his welcoming remarks at the Listing Ceremony. He informed the audience that the market capitalization of ASBH at $31.27 billion had increased the market capitalization of the Main Market to over $1.61 trillion and the overall market capitalization of the JSE’s combined markets to $1.8 trillion. Mr. Gooden added that since the start of the year, a total of JA$18.74 billion (approximately US$122.12 million) was raised by way of Initial Public Offers (IPOs), Additional Public Offer (APO) and private offers.

Describing the JSE as the most vibrant stock exchange in the Caribbean in which to participate, Mr. Richard Pandohie, Chief Executive Officer of A.S. Bryden & Sons Holdings Limited, in his remarks to the audience revealed that the Bryden Group which had been in private hands for 99 years, as part of its 100th year Anniversary, was allowing investors to participate in its journey. He also described the Company as being part of the fabric of Trinidad and Tobago and noted with satisfaction that 54% of the employees had chosen to buy shares in the Company.

“Today we are witnessing a major milestone in the evolution of the Seprod Group allowing investors to participate in its journey,” said Mr. Pandohie. He said that ASBH is the biggest acquisition in the history of the Seprod Group and added that the public and investors across the Caribbean can anticipate more big plans from the Company. He disclosed that the Company was in the process of building a US$30m distribution centre in Trinidad and will be expanding its footprints in Guyana and Barbados. Mr. Pandohie further explained that the current listings of shares on the JSE was not about raising funds at this time but to position the Company to efficiently access capital if the need arises. In highlighting the growth of the Company since its acquisition by Seprod Limited, Mr. Pandohie stated that ASBH workforce had expanded from 1,263 to 1,565. He gave huge thanks to the employees, JSE, Financial Services Commission, NCB Capital Markets Limited (broker), the professional service providers, business partners, investors and customers for the unwavering support given to the Company.

In his remarks, Mr. Alex Johnson, Manager – Origination & Structuring at NCB Capital Markets Limited, the broker of the listing, congratulated ASBH for successfully listing on the JSE and for choosing NCB Capital Markets Limited as their broker. He further remarked that it was fitting that the JSE was chosen as the platform to go public as the Company commemorates its 100th year anniversary. He further tipped the audience that Seprod Limited had been consistent in paying dividends and hence he sees current and future new investors also receiving significant benefit from investing in ASBH’s shares, its newest subsidiary.

About A.S. Bryden & Sons Holdings Limited (ASBH)
A.S. Bryden & Sons Holdings Limited was incorporated in Trinidad and Tobago on July 1, 1999. The Company serves as the non-operating parent company of the Bryden’s Group of Companies. A.S. Bryden & Sons Holdings Limited (“A.S. Bryden”) is a consumer products distributor in Trinidad and distributes food, pharmaceuticals, hardware, houseware and industrial equipment. It is a partner of choice for global principals and has its own brands. It has significant market share in Trinidad with smaller presence in Barbados and Guyana. A.S. Bryden operates through three principal operating subsidiaries A.S. Bryden & Sons (Trinidad) Limited (“ASBT”), Bryden pi Limited (“Bryden pi”) and F.T. Farfan Limited (“F.T. Farfan”).
Seprod Limited is the majority shareholder.

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ansa McaL Group’s Results Exhibiting Continued Excellent Recovery Over Nine-Month Period Ended 30 September 2023.

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A. Norman Sabga chairman ansa McaL Limited Has released the following unaudited financial statements for the quarter ended September 30th, 2023.

Over the nine-month period ended 30 September 2023, the Group’s results continued
their excellent recovery:
• Revenue increased to $5.170 billion ($4.716 billion – 2022)
• PBT increased to $468 million ($139 million – 2022)
• EPS increased to $1.63 ($0.00 – 2022)
• Total assets grew to $17.903 billion ($17.570 billion – 2022)
• Our gearing ratio decreased to 7.4% from 8.2% as at December 2022

Our Banking and Insurance businesses delivered a strong performance during this reporting period with interest and investment income returning to pre-2019 levels and the investment portfolios producing positive non-cash mark to market gains reversing non-cash losses in 2022.

Our Beverage, Construction and Distribution businesses demonstrated strong top line growth but were impacted by nonrecurring increased input costs due to buy decisions to secure supply chains amidst global disruptions.

Our Automotive operations performed well increasing both revenue and profitability year on year.

We are resolute in achieving our ambitious 2X objective to double the Group’s size and scale by 2027 and have made strategic generational investments in support of attaining this goal.

Our newly commissioned, state-of the-art returnable bottling line at Carib Brewery will enable increased capacity for exports, ensure consistent production of high-quality beverages with greater operational efficiency, reduced waste and lower water and energy
consumption. This significant investment underscores our deep commitment to the circular economy, with its focus on re-use and re-cycling.

At ANSA Chemicals, we are in the early stages of a 50% chlor-alkali plant expansion which will assure its ability to supply 100% of the chlorine needed to provide clean and potable water to the entire CARICOM Region. We expect this expansion to be completed by March 2024.

The performance at COLFIRE has improved noticeably post-acquisition laying the foundation for growth and innovation in the Insurance sector.

The Group is underpinned by a resilient balance sheet which makes us well positioned to pursue organic and acquisitive opportunities. Our diversified portfolio stands us in good stead to weather any challenges which lie ahead in a world where disruption has become the norm.

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