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Corporate Movements

Supreme Ventures Limited (SVL)
has advised of the retirement of Sonia Davidson from the position of Vice President, Group Corporate Communications, effective December 31, 2015.

Supreme Ventures Limited (SVL) has also advised that effective December 1, 2015, James Morrison has been promoted to CFO & Senior Vice President Finance; Lancelot Thomas has been promoted to Vice President Finance; Tashia Hutton has been promoted to Vice President Customer Support and Regulatory Affairs; Carolyn Bolt Nicholas has been promoted to AVP, Human Resources & Administration and; Krista –Gaye Fisher has been promoted to Assistant Corporate Secretary and Legal Officer.

Grace Kennedy Limited (GK) has advised that Mr. Michael Ranglin has resigned as a director of the Board of GK effective December 31, 2015.
business-growth

Trading of shares

Sagicor Asset Management Incorporated has announced the put-through of 1,117 shares in Sagicor Financial Corporation at $1.90 set to take place on January 5th, 2016.

Sagicor Group Jamaica Limited (SJ) has advised that Sagicor Managed Funds has acquired 24.84% of the issued shares 138 Student Living Jamaica Limited. According to Sagicor, the Funds invested in the company for strategic purposes.

Mayberry Investments Limited (MIL) has advised that a connected party purchased 20,000 units in MIL as of December 29, 2015.

The Gleaner Company Limited (GLNR) in keeping with the 180th Anniversary share offer option transferred a total of 509, 034 shares by the Gleaner employees Investment Trust to the company senior managers.

Sagicor Group Jamaica Limited (SJ) has advised that directors sold a total of 94,758 shares under SJ Executive Long Term Incentive Scheme on December 29, 2015.

JMMB Group Limited (JMMBGL) has advised that a connected party sold JMMBGL shares totaling 2,300,000 on December 29, 2015.
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Dividend Declarations

Emera (Caribbean) Incorporated 5.5% Pref – Directors have declared a dividend of thirteen point seven five (13.75) cents per share to be paid on December 31st, 2015 to Shareholders on record at close of business on November 20th, 2015.

FirstCaribbean International Bank Limited – Directors have declared a final dividend of two (2) US cents per share to be paid on January 29th, 2016 to Shareholders on record at close of business on December 29th, 2015.

FirstCaribbean International Bank Limited – Directors have declared a special dividend of six point three (6.3) US cents per share to be paid on January 29th, 2016 to Shareholders on record at close of business on December 29th, 2015.

West India Biscuit Company Limited – Directors have declared a dividend of fifty-five (55) cents per share to be paid on January 8th, 2016 to Shareholders on record at close of business on December 28th, 2015.

Goddard Enterprises Limited – Directors have declared a final dividend of fourteen (14) cents per share to be paid on February 29th, 2016 to Shareholders on record at close of business on January 29th, 2016.

Fortress Caribbean Property Fund – Value Fund – Directors have declared a final dividend of three (3) cents per share to be paid on December 31st, 2015 to Shareholders on record at close of business on December 28th, 2015.

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

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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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