Proven Investments Limited (PROVEN) has advised that at a Board of Directors meeting held on May 25, 2017 the following resolution was approved “ THAT: (a) The Company be and is hereby authorized to offer for subscription up to 68,949,472 ordinary shares of US$0.01 par value in the capital of the Company (the “Shares”) and
Medical Disposables & Supplies Limited (MDS) has advised that a Senior Manager purchased 9,000 MDS shares on June 5, 2017.
IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 61,538 ROC shares on May 31, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that a related party purchased 48,351 SJ shares on June 2, 2017. SJ further advised that a related party sold 10,676 SJ shares on June 7, 2017.
NCB FINANCIAL GROUP LIMITED (NCBFG) has advised that a Director purchased 16,900 NCBFG shares under the Dividend Reinvestment Programme (DRIP). NCBFG further advised that a connected party sold 3,900,000 NCBFG shares. These transactions were conducted on June 7, 2017.
Net International Reserves Jamaica’s Net International Reserves totaled US$2,672.77 million as at May 2017, reflecting a decrease of US$176.10 million relative to the US$2,848.87 million reported as at the end of April 2017 (see figure 1). Changes in the NIR resulted from a decline in Foreign Assets of US$170.66 million to total US$3,238.72 million. Currency and
U.S.: Jobless claims drop; labour market slack shrinking The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's jump and suggesting the labour market was tightening despite a recent slowdown in job growth. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 245,000 for the
Derrimon Trading Company Limited (DTL) has advised of its recent closure of a bond issue valued at J$250 million. The secured note, which was structured and brokered by Mayberry Investments Limited, was privately issued under exempt distribution guidelines. It is tenured at 24 months and offers a coupon of 10.25 per cent per annum.
