The profit attributable to the Group of $87.8 million for the period ending June, 1997, is well below the 1996 performance of $196.2 million for the same period. However, this represents a significant turn around from the fourth quarter last year and the first quarter of this year where profits/losses in those quarters were a […]
The Board of Directors will on July 31, 1997 consider and if thought fit declare a second interim dividend, as well as consider a recommendation for a bonus stock issue.
The Board of Directors of the company held a special meeting on July 30, 1997 to discuss the offer by Pan-Jamaican Investment Trust Ltd. to acquire all of the outstanding shares of the company not held by Pan-Jamaican. It was resolved that a committee of the Board consisting of Vayden McMorris and Donald Phillipps and […]
At the company’s annual general meeting on July 30, it was resolved that a dividend of 5% gross on preference shares together with an additional 2.5% participating dividend less tax for the year ended December 31, 1996; and a final dividend of five cents on each ordinary stock unit less income tax for the year […]
The Board at its meeting on January 31, 1997, declared an interim dividend of ten cents to be paid on each stock unit of the paid up capital of the stock of TDB for the financial year ending September 30,1996. The dividend will be paid on March 10, 1997 to stockholders on record as at […]
Pan-Jamaican Investment Trust Ltd., owners of 58% of the issued Ordinary shares in Hardware and Lumber Ltd., have announced an offer to purchase all remaining shares now held by outside individuals and institutions in a strategic shift in investment and ownership structure within the Group. The offer price is $2.00 in cash to be paid […]
An interim cash dividend in respect of 1997 of twelve cents per stock unit payable on August 25, 1997 to stockholders on record as at the close of business on August 8, 1997 was confirmed at a Board meeting on July 23, 1997.
A Board meeting made the following appointments: Mr. George Khouri – Group Managing Director Mrs. Joy Mahfood – Director Mr. Neville V. Scott – Group Finance Director Mr. Winston H. Mahfood, the former Group Managing Director passed away on July 7th 1997.
At a Board of Directors meeting Mr.Ishmael Robertson’s resignation from the Board of Directors was accepted and Mr. Charles Johnston was appointed as a Board member.
Interest costs in excess of $900 million, losses from its non-life insurance subsidiaries of almost $400 million and one time charges for restructuring costs of over $200 million have caused Life of Jamaica to post losses of $1.054 billion by the year ended December 31, 1996. This position is consistent with statements made by the […]