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Will former chairman Lawrence Duprey return to the helm of CL Financial?

“In fact, as is being intimated in the article, we are also persuaded that Mr Duprey might be the most appropriate person to do this, if only as the facts seem to suggest that at the very minimum, he would have contributed to the debacle in the first place.”

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He said he read with interest yesterday’s Express report which named Duprey as a part of the plans being considered by the Government.

He said, “The CPG’s position is quite simple: our primary objective and responsibility in this matter is to faithfully and diligently represent the interests of our policyholders by ensuring that they get back their hard-earned money in the shortest possible timeframe.

“Accordingly, we are persuaded that it really matters not by whom or through which mechanism this is achieved, and we emphasise, as long as it is done in accordance with the Constitution and the laws of the Republic of Trinidad and Tobago.

“In fact, as is being intimated in the article, we are also persuaded that Mr Duprey might be the most appropriate person to do this, if only as the facts seem to suggest that at the very minimum, he would have contributed to the debacle in the first place.”

He added, “Therefore, as far as the CPG is concerned it would only be just and fitting that Mr Duprey, under the supervision of the powers that be, should be allowed or made to clean up his own mess and not leave it for someone else like for example the taxpayer to so do.”

More: http://www.trinidadexpress.com/business/Clico_policyholders_all_for_Duprey_return-122276064.html

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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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