Executive and Director Changes
Sean Newman has resigned as executive vice-president and chief investment officer of Sagicor Group Jamaica Limited effective September 30. This comes after he was appointed on November 1, 2020.
Bart Catmull stepped down as group chief risk officer of Sagicor Financial Company Limited on June 5 after serving the Sagicor Group of Companies for 23 years.
Symone Mayhew, QC, has resigned as a member of the audit committee and director of Lumber Depot Limited effective June 30.
Krystal Gayle was appointed as the new divisional manager for the international insurance division of Caribbean Assurance Brokers Limited effective June 15.
Market Sales and Events
An executive of Sagicor Group Jamaica Limited (SJ) sold 27,542 shares on June 27 while another executive sold 773,558 shares at $55 for a consideration of $42.55 million on June 24. Another SJ executive sold 367,226 shares for a consideration of $20.20 million on June 22. The trustee of the SLJ Employee Share Purchase Plan sold 7,000 SJ shares on June 17 to eligible team members. An executive of SJ was issued 9,622 shares on June 22 under the company's long-term incentive plan. The trustee of Sagicor's long term incentive plan sold 18,027 and 42,374 shares to two executives, respectively, who exercised their stock options. A connected party of NCB Financial Group Limited purchased 8,547 units between June 24 and 27. A connected party of JMMB Group Limited sold 1,800 shares on June 30. A connected party of Barita Investments Limited sold 223,228 shares for a consideration of $19.64 million on June 30. A connected party of Mayberry Investments Limited (MIL) purchased 9,553 shares on June 28 and sold 50,000 shares on June 30. A senior manager of MIL sold one million shares for a consideration of $10 million on June 24. Four senior managers at PanJam Investments Limited were issued 22,181 shares under the company's employee share purchase plan while a connected party sold 137,628 at $66 for a consideration of $9.08 million on July 1. A connected party of iCreate Limited purchased 75,000 shares on June 27. A senior manager of Jamaican Teas Limited sold 100,000 shares for a consideration of $330,000 on June 24.
Key Insurance Company Limited intends to file its audited financials within 60 days of its year end effective 2023.
Everything Fresh Limited has increased its stake in Everything Fresh Bahamas Limited from 60 to 80 per cent effective April 27.
1834 Investments Limited's audited financials have been further delayed and should be published on or before July 14.
Jamaica Broilers Group Limited's 2022 audited financials have been delayed with the company expecting to submit the financials today.
Mailpac Group Limited has declared a dividend of $0.04 to be paid on July 29 to shareholders on record as of July 15. This payment totals $100 smillion.
Wisynco Group Limited has declared a dividend of $0.20 to be paid on August 4 to shareholders on record as of July 14. This payment totals $751.25 million.
QWI Investments Limited's net asset value (NAV) declined from $1.39 on April 1 to $1.28 on July 1.
Eppley Caribbean Property Fund Limited – Value Fund's NAV remained flat at BBD $0.73 for its third quarter.
Sagicor Select Funds Limited – Manufacturing and Distribution's NAV increased from $1.132 to $1.147 at the end of the fund's second quarter. Sagicor Select Funds Limited – Financial NAV decreased from $0.785 to $0.772 for the fund's second quarter.
The Caribbean Information and Credit Rating Services Limited has reaffirmed the good creditworthiness of GraceKennedy and Seprod Limited while it reaffirmed the high creditworthiness of PBS Technologies (Trinidad) Limited and Sagicor Financial Company Limited. Good corresponds to CariA while high corresponds to CariAA on the regional rating scale.
— David Rose