Business notes — June 29, 2022

Executive and Director Changes

Peter Samuels has resigned as the international insurance manager of Caribbean Assurance Brokers Limited on June 10.

Brenda Duncan has been appointed as a director and member of the audit committee of Portland JSX Limited on June 23.

The Justice Hilary Phillips was appointed as an interim member of Pulse Investments Limited’s audit committee on June 23.

Market Sales and Events

A connected party of Mayberry Investments Limited (MIL) purchased 100,000 shares on June 14 for a consideration of $1.05 million while another connected party purchased 218,234 shares on June 10. A connected party purchased 954,827 MIL shares at $10 for a consideration of $9.55 million on June 24. An executive of Sagicor Group Jamaica Limited sold 25,000 shares for a consideration of $1.42 million. A director of FosRich Company Limtied sold 142,354 on June 20 and 157,646 on June 22 for a consideration of $9.9 million. An executive of Wisynco Group Limited sold 360,751 shares for a consideration of $6.85 million between June 22 and 23 while a director sold 300,000 units for a consideration of $5.7 million on June 24. Community & Workers of Jamaica Co-operative Credit Union Limited repurchased 1,036,805 shares at $1.75 for a consideration of $1.81 million on June 6. A connected party of PanJam Investments Limited sold 31,107 units for a consideration of $2.05 million to three directors who were issued shares in lieu of director fees for the second quarter. A director of Jetcon Corporation Limited sold 1,054,576 shares between June 6 to 10

Ciboney Group Limited will hold its annual general meeting on or before October 16 after getting approval from the relevant minister pursuant to the Companies Act. The company’s 2022 audited financials should be complete as its majority shareholder finalises a sale of its 72 per cent stake.

Blue Power Group Limited and Lumber Depot Limited’s 2022 audited financials have been delayed and should be submitted by July 15.

The proposed payment date for Caribbean Cement Company Limited’s recommended $1.5032 dividend has been moved from August 15 to September 9.

Mailpac Group Limited will consider an interim dividend this Friday.

— David Rose

David Rose

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at


  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email:
  7. Lastly, read our Terms and Conditions and Privacy Policy