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Businessuite 2017 Skin Index By Executive – Caribbean

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

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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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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