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Businessuite #3 Caribbean Ranked Chief Executive Officer (CEO)

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Gary Peart
Mayberry Investments Limited

Gary Peart joined Mayberry Investments Ltd. in May 2005 as its Chief Executive Officer. He has over twenty years of corporate financial experience.

Peart, who was first appointed to the Board of Directors in April 2006, currently serves as President of the Jamaica Securities Dealers Association and Chairman of the Jamaica Bauxite Institute. He was a director of Access Financial Services Limited, Lasco Financial Services Limited and Port Authority of Jamaica.

He is a member of the Assets and Liabilities Committee, Project Steering Committee and Managing Committee. He has a B.Sc. in Economics from the University of the West Indies (Hons.) and an MBA from Florida International University.

Gary Peart

The following extract was taken from the company’s Annual Report to shareholders.

Strategy on Target

The 2014 financial year presented both rewards and challenges for our company. It was a year that demanded significant effort from our management and staff, while at the same time, required patience and perseverance to deliver on our promises to you our valued shareholders.

Despite the challenges we faced, we are pleased to report to you, our valued shareholders, a net profit of $726 million, an increase of $624 million from the year prior, resulting in earnings per share of $0.60, an improvement over the $0.09 earned in 2013.

The year 2015 will mark the 30th anniversary of our company’s operations. This makes us one of the longest serving companies around and a pillar in the financial industry. It also shows that our core values have led us along a successful path driven by sustainability. Though the growth in the Jamaican economy is slow, there are encouraging signs of improvement.

We are now poised to take advantage of any opportunities for growth that may arise whilst mitigating the associated risks. Among our priorities going forward, we will be looking to streamline our structure to allow for leaner, more efficient, integrated operations. We will help our clients achieve their goals with the best possible advice and strategic solutions and adapting to the evolving regulatory landscape. We will continue to create the best working environment for our staff and serve the communities in which we work and live through corporate citizenship.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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