In furtherance of the of the previously announced ‘back office’ joint venture to administer their employee benefit business, First Life and Life of Jamaica Ltd. have signed a Co-Insurance Agreement under which each company will insure half of the Group Insurance portfolio of the other. First Life and Life of Jamaica will now share equally, […]
Miss Tanya Allgrove, Mr. Michael G. Bernard and Mr. Pancha Sankaran were appointed to the Board on November 15, 2002.
Dr. David Panton was appointed to the Board at a Directors’ meeting on September 18, 2002. The annual general meeting resolved that there be a rights issue in the ratio of three ordinary shares for every eight ordinary shares of fifty cents each. The record date is October 10, 2002 and the XB date is […]
The Board, on August 2, 2002 will recommend to shareholders at the AGM on September 18, 2002, a rights issue in the ratio of 3:8. The record date is to be October 25, 2002 and the x-date is October 18, 2002.
The Council of the JSE has suspended trading in the shares of Salada effective Tuesday, March 30, 1999 for late financial reporting. The company’s audited financial statements for the year ended September 1998 were due on September 31, 1998. The suspension was effected pursuant to Rule 408 of the JSE Rules which states: “Companies with […]
Subsequent to the financial year ended September 30, 1998, the company was advised by National Commercial Bank that all the loans had been transferred to FINSAC. Consequent to this, the company’s auditors Price Waterhouse have advised of their intention to reclassify all the company’s loans as short term loans as at September 30, 1998 in […]
The company has appointed Lasco Distributors Ltd. as co-marketing and distribution agent with JHG Mapp (Successors) Ltd., T. Geddes Grant (Distributors) Ltd. and Musson Jamaica Ltd. effective January 11, 1999.
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.
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.