WEEKLY BULLETIN for week ended March 8, 2013
National Commercial Bank Jamaica Limited (NCBJ) � 01.03.13
National Commercial Bank Jamaica Limited has informed the Stock Exchange that on February 22, 2013, a major shareholder connected to three Directors of the Company purchased 1,500 shares.
CLICO Investment Fund (CIF) � 31.01.13
CLICO Investment Fund has informed the Stock Exchange that the Board of Directors of CLICO Trust Corporation Limited was reconstituted on January 8, 2013. The current members are as follows:
�2 Mr Kenneth Daniell � Chairman
�2 Mr Maurice Suite � Deputy Chairman
�2 Ms Sharon Mohammed � Director
�2 Ms Karen Smith - Director
�2 Mr Alvin Bridglal � Director
Sagicor Financial Corporation (SFC) � 01.03.13
Sagicor Financial Corporation issued the following press release:
Sagicor Life Jamaica Limited (SLJ) today announced that it has, through its St Lucian subsidiary, obtained regulatory approval to operate an insurance company in Costa Rica. SLJ advised that it partnered with Capital and Advice, S.A., a retail and investment services company in Costa Rica to operate this new entity. This partnership will see both companies taking 50 per cent equity each in this new company which will operate under the Sagicor brand.
Richard Byles, President and CEO of SLJ said that the granting of the licence is the culmination of the various stages in the regulatory process which started in February 2011 following the signing of the Joint Venture Agreement between SLJ and its
Costa Rican partners.
Under the terms of the agreement, Sagicor Life Jamaica will provide technical expertise and administrative services and operating systems to support the insurance operations. Capital and Advice, with its experience in banking and other financial services in Costa Rica, as well as other commercial operations will provide marketing support to the joint venture.
