There has been a change of ownership and the majority control of the shares in the company is now held by Crown Eagle Life Insurance company. This has been achieved by an Agreement dated October 4, 1997 which: Terminated the Trust Deed pursuant to which Trumpton Ltd. (The Trustee) held 223,406,286 non-voting ordinary shares in […]
The Board wishes to inform shareholders of the following: A Receiver/Manager has been appointed by one lender over some of the assets of one of the Subsidiaries of Ciboney Group Ltd. Secured lenders have also served Notices of Demand on all Borrowers within our Group; Negotiations are underway to arrive at a loan restructuring programme […]
A Board meeting of the company will be held on October 8, 1997 to consider an Interim Dividend.
The Board of Directors of the company on September 30, 1997 declared an interim dividend by way of Capital Distribution for the year 1997 in the amount of 3.33% per share (net of Transfer Tax) on October 31, 1997 out of the company’s capital reserves to shareholders on record as at October 17, 1997.
At a meeting of the Board on September 30, Mr. Lester Spaulding resigned as Chairman. However, he remains a member of the Board of Directors.
At a Board meeting on september 25, the Directors adopted a dividend policy as under: To distribute at least 10% of the net profit attributable to stockholders. The new policy must be viewed against the background of an unpredictable economy. However, the company intends to maintain a total dividend pay out in dollars which is […]
At a special meeting of the Board of Directors, on September 22, 1997 the Board accepted the resignations of the following directors: Geoff Wiggin Richard Wainright-Lee Anthony Parker
At the Extra-ordinary General Meeting of the company on September 19, 1997 the following resolutions were passed: That the authorized capital of the company be increased to $1.5 billion by the creation of an additional 750 million ordinary shares of $1.00 each. That upon the recommendation of the Directors it is desirable to capitalize the […]
A Board meeting of First Life will be held on September 30, 1997 to consider, and if thought fit, to approve an Interim Dividend for 1997, by way of a Capital Distribution.
Because of extenuating circumstances the company cannot meet the November 11, date for its annual general meeting as had been advised. The new date will now be November 25, 1997. This will affect all record dates. The resolutions for recommendation will now read: That a final dividend for the year ended March 31, 1997 of […]