Cable Bahamas Limited (CAB) in response to a request from the Jamaica Stock Exchange (JSE) to provide details for establishing Corporate Governance Guidelines and appointing a third non-Executive Member of the Audit Committee, states the following:
(i) Establishing of a Corporate Governance Guideline
CAB is presently engaged in establishing its Corporate Governance Guidelines and will have same on CAB’s website by the end of January 2018.
(ii) Appointment of Third Non-Executive Member of the Audit Committee
CAB is in the process of appointing a third non- Executive member of the Audit Committee, and once appointed, CAB will notify JSE.
(ii) Notification of Resignation of a Member of the Audit Committee
CAB inadvertently omitted to give notification of the resignation of Mr. Calvin Knowles from the Audit Committee, who resigned from the Committee effective August 2, 2017.
CAB apologises for the error.
(iii) Revised Listing of CAB’s Series 11 Preference Shares
|No.||Shareholder||Number of Shares||Currency|
|1.||NCB Insurance Co. Ltd||3000||USD|
|4.||NCB Insurance Co. Ltd||530||JMD|
|5.||Grace Kennedy Limited Pension Scheme||330||JMD|
|7.||ATL Group Pension Fund Trustees Nominee Limited||125||JMD|
|8.||SJLIC for Scotiabridge Retirement Scheme||24||JMD|
|9.||ICWI Pension Plan||20||JMD|
|10.||The Staff Pension Fund of Radio JA Ltd.||20||JMD|