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.
On July 3, 1996 following the resignation of Mr. Howard Mitchell, Mr. Phillip Forrest was appointed a Director of the company.