Jetcon Corporation Limited (JETCON) has advised that at a Board of Directors` meeting held on January 28, 2017 the matters of a Dividend payment and a stock split were decided: (1) The Board approved the payment of an interim dividend of $0.07 cents per share and (2) The Board also agreed to recommend to a
Main Event Entertainment Group Limited: – Basis of Allotment of Shares in Initial Public OfferingKingston: Mayberry Investments Limited (“MIL”), lead financial Advisor and broker to Main Event Entertainment Group Limited (the “Company”) in its recent invitation to the public made subject to a prospectus dated 17 January 2017 (the “Invitation” and the “Prospectus” as the
Cargo Handlers Limited (CHL) has advised that at a meeting of CHL’s Board of Directors scheduled for February 10, 2017, the Directors will consider the payment of an interim dividend for the year 2017.
U.S.:Fed likely to keep rates steady as it awaits Trump economic planThe U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised a large infrastructure spending program, tax
Margaritaville (Turks) Limited (MTL) has advised that Mr. Peter Melhado (Non-Executive Director) has resigned from the Board of Directors, effective December 31, 2016. MTL has further advised that Mr. Michael Gerrard, Managing Director -BroadSpan Capital LLC in the United States, has been appointed to the Board as a Non-Executive Director, effective January 17, 2017. Also,
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National Commercial Bank Jamaica Limited (NCBJ) has advised that at an Extraordinary General Meeting held on January 26, 2017 the proposed Scheme of Arrangement among NCBJ, NCB Financial Group and their respective shareholders ("the Scheme") was approved. NCBJ further advised that the Scheme was also approved at the Annual General Meeting of NCBJ held on
Margaritaville Caribbean Limited (MCL9) has advised that Mr. Peter Melhado (Non-Executive Director) has resigned from the Board of Directors, effective December 31, 2016. MCL9 has further advised that Mr. Michael Gerrard, Managing Director - BroadSpan Capital LLC in the United States, has been appointed to the Board as a Non-Executive Director, effective January 17, 2017.
Sagicor Group Jamaica Limited (SJ) has advised of the acquisition of 40,163,969 shares in 138 Student Living Jamaica Limited by Sagicor Pooled Equity Fund (SPEF) bringing the total percentage holding to 21.88%. SJ further advised that an Executive Director purchased 451,252 SJ shares on January 24, 2017.
U.S.:U.S. consumer purchases climbed in December by the most in three months as incomes picked up, signalling a steady handoff into 2017.The 0.5 percent advance in consumption, which accounts for about 70 percent of the economy, followed a 0.2 percent advance in the prior month, a Commerce Department report showed Monday. The December increase matched
