WEEKLY BULLETIN for week ended February 8, 2013
Point Lisas Industrial Port Development Corporation Limited (PLD) - 01.02.13
Point Lisas Industrial Port Development Corporation Limited has informed the Stock Exchange that at a meeting of the Board of Directors of the Company held on January 31, 2013, Mrs Janette James-Sebastien was appointed a Director of the Company. Mrs James-Sebastien, an Attorney at Law, replaces Ms Keisha Manohar who tendered her resignation as a Director of PLIPDECO with effect from January 3, 2013.
Furthermore, Mr Haroon Fyzool Awardy has been appointed Deputy Chairman of the Board of Directors, replacing Mr Charles Percy who remains a Director of the Company.
Neal & Massy Holdings Limited (NML) � 04.02.13
Neal & Massy Holdings Limited has informed the Stock Exchange that at a meeting of the Board of Directors held on February 1, 2013, Mr Robert Bermudez was elected Deputy Chairman effective February 1, 2013. Furthermore, at the Annual General Meeting of Shareholders which took place on February 1, 2013, Mr Geoffrey Cave retired and ceased to be a Director of the Company effective February 1, 2013.
National Commercial Bank Jamaica Limited (NCBJ) - 06.02.13
National Commercial Bank Jamaica Limited has informed the Stock Exchange that the Board of Directors, at its meeting to be held on Thursday February 14, 2013, will consider the payment of an interim dividend to stockholders.
�2 07.02.13
National Commercial Bank Jamaica Limited has informed the Stock Exchange that its most recent registration statement indicates that marketing activities in respect of its public offering commenced on January 24, 2013 and that the offering was expected to price on February 6, 2013. The transaction was met with strong investor interest, but price was forming below the range that the Company was willing to accept.
Potential investors emphasised the attractiveness of the company as an investment opportunity and the strong performance of the management team, while acknowledging certain macro-economic factors and uncertainties regarding Jamaica that weighed on their investment decision. On the advice of its investment bankers, the Company has decided to postpone the IPO until conditions become more favorable.
