The Board of Directors of the Company agreed to a dividend policy whereby the bank will declare the payment of a dividend at least twice in each financial year. The total dividend payable shall range between 15%-25% of annual profits. The policy is subject to periodic review.
Following a review of the strategic objectives of GraceKennedy Ltd and Guardian Life Ltd. going forward, GraceKennedy has decided to offer for sale to Guardian Life, its 50% interest in the joint venture company, Medecus Health Insurance Agency Ltd., and Guardian Life accepted this offer. The effective date of sale will be June 19, 2006.
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Below is the trading activities of the Directors of Supreme Ventures Ltd:- Janette Stewart purchased 1,287,433 jointly with Steven Hudson on March 2, 2006. Paul Hoo purchased 25,000 shares jointly with Susan Hoo on April 19, 2006. John Graham sold 5,149,733 hares on April 4, 2006 and 12,874,3334 shares on April 24, 2006.
At a Board of Directors’ Meeting held on June 6, 2006 the Directors declared an Interim Dividend of $1.00 per stock unit to be paid on July 4, 2006 out of accumulated profits to stockholders as shown by the Register of Members on June 20, 2006.
On May 25, 2006, the following transaction was done by Mrs. Lana Ann Smith, a member of the General Counsel Division of National Commercial Bank Jamaica Limited:Transaction Type Number of Shares TradedPurchase 10,000 shares
This serves to inform you of the following trading activity for the Directors of Mayberry Investments Limited up to June 1, 2006. DateNamePositionTrade (MIL) sharesJune 1, 2006Gary & Sheryl PeartChief Executive OfficerBought 21,724 units
The Company advises that Mr. Glenford Watson no longer serves as Secretary for Jamaica Public Service Company Limited. The Board of Directors to the Company has appointed Ms. Katherine Francis as Corporate Secretary of the Company, effective June 1, 2006.
At a meeting of the Board of Directors of Seprod Limited, held on 5th June 2006, the following resolution was passed.“That a Dividend of Thirty Cents ($0.30) per share be paid to all shareholders on record as at 3rd July, 2006 and that the payment date of the Dividend be 27th July 2006.”
This is to advise that Director, Mr. LeRoy Bookal purchased 3,000 stock units in GraceKennedy Limited on May 31, 2006.