Executive and Director Changes

Sagicor Group Jamaica Limited has adjusted its organisational structure to take effect on October 1 such as:

Mark Chisholm has been promoted from the former executive vice-president for the Individual Life Division to the chief revenue officer for insurance.

Willard Brown has been promoted from the former head of the Employee Benefits Division to the chief technology and insurance operations officer.

Karl Williams has been promoted from the former senior vice-president of human resources & corporate services to the executive vice-president – shared services.

Howard Gordon has been appointed the senior vice-president, group technology & Sagicor Life operations.

Independent non-executive directors Anthony Mark Hart and Steven Marston are no longer acting as directors of MPC Caribbean Clean Energy Limited as of September 14. This leaves three directors on the board with one executive director and two non-executive directors.

Following the departure of Maxine Hutchinson on August 26, Paramount Trading (Jamaica) Limited appointed Dr Cecile Dennis as the head of people & culture, customer service and marketing on September 8.

Taariq Abdul-Majeed is no longer employed at Honey Bun (1982) Limited as the company’s financial controller effective August 2.

Market sales and events

A connected party of Kingston Wharves Limited sold 3,863 shares between September 13 to 15. 18,325 shares of Wisynco Group Limited were purchased by eligible employees on September 16 under Wisynco’s long-term incentive plan. A director of Supreme Ventures Limited purchased 1,277,697 shares for a consideration of $35.53 million from a related party on September 14. Another related entity purchased 777,970 shares for a consideration of $21.71 million on September 13. The trustee of Sagicor’s long-term incentive plan sold 39,829 Sagicor Group Jamaica Limited (SJ) shares on September 14 to an executive exercising their stock options. An executive of SJ sold 387,840 shares for a consideration of $20 million while another executive sold 125,000 shares for a consideration of $6.45 million on September 12. A connected party of PanJam Investments Limited purchased 600 shares on September 14. A connected party of Mayberry Jamaican Equities Limited purchased 35,615 shares for a consideration of $469,049.55. A senior manager of Barita Investments Limited acquired 58,326 shares under its employee stock ownership plan on September 12. A senior manager of Mayberry Investments Limited sold 10,000 shares while a connected party purchased 2,256 shares on September 12.

A connected party of Massy Holdings Limited purchased 50,682 shares for a consideration of TT$236,178.12 on September 13 while another connected party purchased 168,738 shares for a consideration of TT$786,319.08 on September 14 on the Trinidad and Tobago Stock Exchange.

Sagicor Group Jamaica Limited has declared a dividend of $0.54 to be paid on October 10 to shareholders on record as of September 23.

Blue Power Group Limited has declared a capital distribution of $0.02 to be paid on October 14 to shareholders on record as of September 30. This payment totals $11.30 million.

Lumber Depot Limited has declared a dividend of $0.052 to be paid on October 14 to shareholders on record as of September 30. This payment totals $36.72 million.

Consolidated Bakeries Jamaica Limited’s annual general meeting has been moved from September 21 to September 28.

The Caribbean Information and Credit Rating Services Limited (CARICRIS) has reaffirmed Victoria Mutual Investment Limited’s credit rating of CariBBB– on the regional scale and jmBBB+ and jmBBB for local and foreign currency, respectively on the national scale. Sygnus Credit Investments Limited’s credit rating has been upgraded from jmBBB to jmBBB+ on the Jamaican national scale and assigned a CariBBB– with a stable outlook.