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Former TVJ GM calls for RJR and Gleaner to appoint millennials to merged board

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Former General Manager of TVJ and current chairperson of Phase 3 Productions, Marcia Forbes, has called on the board of the proposed merged Gleaner/ RJR entity to consider appointing Millenials to the board.

In a guest column in a local newspaper yesterday Forbes indicated that “a certain type of sensitivity and emotional intelligence is essential in order to successfully transition these two market leaders into a strong, profitable single media entity that is able to weather challenges from telecoms with deep pockets”. She went on to propose that “appointing two millennials, one female and one male, to the new board would not only send the right signal but likely redound to the new entity’s financial benefit”. According to Forbes, “millennials are more likely to bring fresh thinking and to understand how to navigate and profit from the Internet than the existing directors”.

Forbes’ recommendation follows last week’s move by the shareholders of the Gleaner and Radio Jamaica to once again approve resolutions that further the agenda of the amalgamation of the two entities, as one.

The move (should the merger be approved by the courts) changes the number of directors that can be appointed to the RJR board from twelve (12) to fourteen (14).

Forbes recommends that a certain level of emotional intelligence will be needed to aid in the successful transition of the two entities “into a strong, profitable single media entity that is able to weather challenges from telecoms with deep pockets”.

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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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