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 […]
Northcoast Milling Ltd., a company which is 50% owned by Seprod Ltd. has agreed to sell its fixed assets including land, buildings, plant, motor vehicles and brand names to Newport Mills Ltd., for a consideration of J$134.250 million.
It is proposed that a Board of Directors meeting of CIBC Ja. Ltd. will be held on July 23 and a resolution will be considered and if thought fit, passed for an interim dividend for 1997.
The Board of Directors of the company passed a resolution for an interim dividend of ten cents per stock unit to be declared payable on August 22, 1997 to shareholders on record as at July 18, 1997.
The Directors have decided to propose at the Annual General Meeting to be held on September 4, 1997 that a Final Dividend of eleven cents per share, less income tax be paid. This dividend, if approved, will be paid on October 7, 1997 to shareholders on record as at September 19, 1997 on the share […]