Ryland Campbell eyes big JA$2B payout as retirement draws near

Campbell said he has had offers in the past, which have not panned out, but is now inclined to cede control of the company, saying the change in the economic environment was forcing changes on companies like his own.

Published

14 years ago

April 30, 2011

BusinesSuiteOnline

Now inclined to cede control of the company, saying the change in the economic environment was forcing changes on companies like his own.

Ryland Campbell, group president and the largest shareholder of the Capital and Credit Financial Group (CCFG), at 43 per cent with an estimated value of just under JA$2B

Ryland Campbell, group president and the largest shareholder of the Capital and Credit Financial Group (CCFG), at 43 per cent with an estimated value of just under JA$2B could be eying an early retirement nest egg.

Confirming reports that he is willing to sell or forge a strategic alliance, he made one clear condition for such a deal,” The investor must “have deep pockets” and the potential to advance the operations of the group.”

“What we are looking for is somebody with a deep pocket and some reach that could take controlling interest of Capital and Credit to help us with the move forward or buy it out if that is the case,” he told shareholders at a recent AGM.

Aside from Campbell the other big shareholders likely to secure big payouts are Andrew Cocking with about 14 per cent, and National Insurance Fund, 21 per cent.

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

Published

9 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

9 years ago

November 24, 2016

Managing Editor

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

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

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.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

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.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

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.