The Board at its meeting on January 26, 1996 declared that an interim dividend of nine cents be paid on each stock unit of the paid up capital of the stock for the financial year ending September 30. Payment date is March 4 and record date is February 12.
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.
On January 11, the Board approved a decision for a Capital Distribution of 6.5 cents per stock unit (less Transfer Tax of 7 1/2 per cent) be paid to shareholders on record as at January 26. Payment date is March 1.
A final dividend of two cents approved for the year ended October 1995 was paid on January 10, 1996 to shareholders on record on December 22, 1995. Total dividend paid out was four cents per common share.