Seprod Ltd. – Buy Out

Posted: December 23, 1996 at 12:00 am

The company has purchased Agricultural Marketing Corporation’s 20% shareholding in Jamaica Grain and Cereals Ltd. for a purchase consideration of Ja$12 million. As a result, Jamaica Grains and Cereals is now a wholly owned subsidiary of Seprod Ltd.

 

RJR – Share Capital Increase

Posted: December 19, 1996 at 12:00 am

At the extra-ordinary general meeting on December 19 the following resolutions were passed: 1. An increase in the authorized share capital of the company from $22.9 million (divided into 50,000 5% cumulative preference shares of $2 each and 45.6 ordinary shares of $0,50 each) by $15.9 million to $38.9 million by the creation of an […]

 

TDB – New Board Appointment

Posted: December 11, 1996 at 12:00 am

At the meeting of the Board of Directors on November 29, 1996 Mr. Richard Byles was appointed as a Director of the Board.

 

Carib Cement – Rights Issue stalled

Posted: December 10, 1996 at 12:00 am

Negotiations for the underwriting of the proposed rights issue of 105.5 million ordinary shares in the capital of the company though nearing completion have not been finalised. The Directors do not consider it in the best interest of the shareholders to proceed until the underwriting arrangements are in place. The Directors have therefore taken a […]