WEEKLY BULLETIN for week ended March 14, 2014
FirstCaribbean International Bank Limited (FCI) � 12.03.14
FirstCaribbean International Bank Limited (FCI) has informed the Stock Exchange that the Jamaica Stock Exchange (JSE) notified them in October 2013 that:
�2 The proportion of the listed ordinary shares held by persons other than the majority shareholders fell below the proportion required by the JSE Rules in that it was less than 20 per cent of the listed ordinary shares; and
�2 The average total traded volume for the 36 month period prior to the notice from the JSE was below 2 per cent.
Consequently, the Bank was in breach of JSE rule 402B (i)(b).After carefully reviewing the matter FCI has determined that it will not be feasible for either the proportion of the non majority held shares or the average total traded volume to be raised to the minimum required by the JSE Rules in the foreseeable future.As a consequence FCI has decided that it will accept that it will be delisted by the JSE and has invited the JSE Board to exercise its discretion under Rule 411 A to delist the Bank at its February meeting.
National Commercial Bank Jamaica Limited (NCBJ) � 12.03.14
National Commercial Bank Jamaica Limited (NCBJ) has informed the Stock Exchange of the following transactions:
�2 On March 11, 2014, a shareholder connected to Directors purchased 509,551 NCBJ shares;
�2 On March 10, 2014, a Director purchased 1,736 NCBJ shares; and
�2 On March 10, 2014, a Director purchased 27,896 NCBJ shares.
Jamaica Money Market Brokers Limited (JMMB) � 12.03.14
Jamaica Money Market Brokers Limited has informed the Stock Exchange that on March 11, 2014, a Director sold 31,146 shares.
First Citizens Bank Limited (FIRST) � 12.03.14
First Citizens Bank Limited (FIRST) informed the Stock Exchange that on January 14, 2014 a Senior Executive Officer sold 634,588 FIRST shares.
National Commercial Bank Jamaica Limited (NCBJ) � 10.03.14
National Commercial Bank Jamaica Limited (NCBJ) has informed the Stock Exchange that on March 6, 2014 a shareholder connected to Directors purchased 6,000,000 NCBJ shares.