At the annual general meeting on May 9, it was resolved that the capitalization of the sum of $481,800, part of the undividend profit of the company, which was used to issue 963,600 bonus shares to the Gleaner Employees’ Investment Trust and employees on December 29, 1995 be approved in keeping with the resolution to […]
Effective May 6, Scotiabank Jamaica Trust and Merchant Bank Ltd., will serve as Registrars of TOJ.
At a Board Meeting on April 26, it was announced that the current Managing Director , Mr. Gerald Niesen, steps down effective April 30, 1996. He will remain on the Board of Directors. Mr. Victor Rhone, the current General Manager will assume the position of General Manager as of May 1.
On March 21, the directors approved the payment of the first interim dividend for 1996 of 20 cents per stock unit out of agricultural income to shareholders on record on April 11. Dividend warrants will be mailed out on May 3, 1996.
Seprod Limited and Colgate -Palmolive signed an agreement effective January 17, whereby Colegate acquired all the trademarks of Jamaica Detergents Ltd. and the Jamaica Household Products Ltd. in the toilet soap, laundry bar, detergent and bleach consumer product categories. The Agreement was concluded for an undisclosed amount.
At a meeting of the Board of Directors on March 4, approval was given for an interim Capital Distribution of thirty cents (less Transfer Tax) per share to be paid on April 29 to shareholders on record as at April 15.
On March 4, the directors resolved that an interim dividend of four cents per stock unit be declared payable on April 22 to shareholders on record as at March 20.
The Hon. Dennis Lalor, Chairman of the Board announced on December 23, 1996 the appointment of Milverton Reynolds as President of LOJ. Mr. Reynolds joins LOJ and the ICWI Gp. after widely acknowledged success in the management and leadership of the National Housing Trust where he has been Managing Director since 1990.
At the meeting of the Board on February 28, approval was given for a dividend payment of 13 cents per stock unit out of franked income to be made on March 29, to stockholders on record at March 15.
The Board of Directors of the company resolved at a meeting on February 15, 1996 that an interim dividend of 15 cents be paid on each stock unit of the paid-up capital of shareholders on record as at March 4, 1996. Payment date – April 1, 1996