The Chairman of the company announced that Mr. Peter J.C. Thwaites, President and CEO of Dyoll Gp. has indicated his intention to resign from those positions with effect from December 31, December 1997. The Chairman said that although Mr. Thwaites is still a relatively young man, he has served Dyoll for almost 38 years and […]
The Board of Directors on August 21, resolved that a capital distribution of 25 cents per stock unit, less Transfer Tax of 7.5% be paid to stockholders on record at the close of business on September 5, 1997 out of profits not forming part of the chargeable income of the company in respect of quarter […]
BNS and its subsidiaries recorded a strong third quarter performance, showing unaudited net profit after tax of $398 million. This takes the net profit for the nine months ended July 31, 1997 to $1.2 million compared with $1.1 million for the same period last year. This quarter’s profits was $21 million above the previous quarter. […]
At a special meeting of the Board of Directors on March 26, 1997, the Directors approved the following resolutions: That the directors have recommended a one to one bonus issue subject to the completion of authorization proceedings; to be considered and, if thought fit, approved by the members at the 1997 Annual General Meeting. That […]
Mr. Andrew Gordon has resigned from the Board of Directors of the company and Messrs. Ronald Chin-Loy and Dalton Chen have been appointed as directors of the company. Due to his involvement in the JBC/RJR merger, Mr. Lester Spaulding has expressed the desire to be relieved of the duties of Chairman, and it is intended […]
Mr. John Fletcher has resigned from the Board of Directors effective July 1, 1997.
The Board of Directors has declared a second interim dividend of six cents per stock unit, to be paid from tax relieved earnings of the company to shareholders on record on August 16, 1997. Payment date is September 8, 1997. The Board has also recommended for consideration and approval at the next annual general meeting […]
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 […]