Operating Revenues for the six months to September 30, 1997, were $6,584 million – an improvement of 18% over the equivalent period last year. The growth in revenue reflects the continuing build-out of Jamaica’s telecommunications network: 34,000 lines have been installed in the last six months bringing the total number of lines in service to […]
The Directors have agreed to recommend to the shareholders at an Extra-ordinary general meeting on December 1, 1997 that the authorised share capital be increased from $65 million to $100 million by the creation of 175 million ordinary shares of twenty cents each and for a one for two bonus to shareholders on record as […]
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 […]
The Directors have declared an Interim Dividend of 25 cents per stock unit to be paid on February 5, 1998 to stockholders of record at the close of business on January 15, 1998. The dividend is payable out of agricultural profits, relieved of taxation, to stockholders who, on record date, have Jamaican addresses and out […]
The Board of Directors have that declared a Capital Distribution of five cents per stock (less transfer tax of 7.5%) be paid to shareholders on record on October 24, 1997. Payment date is November 7, 1997.
Mr. Stephen Grieg has been appointed Company Secretary/Legal Officer effective October 1, 1997.
A Board meeting of the company will be held on October 8, 1997 to consider an Interim Dividend.
The directors approved the payment of a second interim dividend for 1997 of 24 cents per stock unit out of agricultural income to stockholders on record as at October 23, 1997. Dividend warrants will be mailed out on November 28, 1997.
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 […]