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Businessuite Company Reports

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Trading in Shares
JMMB Group Limited (JMMBGL) has advised that connected parties sold 1,000,000 units of JMMBGL shares on December 10.

Sagicor Group Jamaica Limited (SJ) has advised that two (2) Officers collectively sold 350, 000 SJ shares under the SJ Executive Long Term Incentive Scheme December 3.

Mayberry Investments Limited (MIL) has advised that a connected party purchased 30,000 units of MIL shares on December 4, 2015.

General Accident Insurance Company Jamaica Limited (GENAC) has advised that a connected party sold 500, 000 GENAC shares on November 30.

Appointments
Seprod Limited (SEP) has advised that Winston Harrison joined the Executive Management Team as the Group Trade marketing manager effective December 1.

Scotia Group Jamaica Limited (SGJ) has advised that Evelyn Smith has been appointed to the Board of Directors of the Scotia Group Jamaica Limited and the Bank of Nova Scotia Jamaica Limited with effect from December 2.

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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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