WEEKLY BULLETIN for week ended JANUARY 9, 2015
Republic Bank Ltd: 07.01.15
Republic Bank Ltd has informed the stock exchange of the following transactions:
• On December 18, 2014 a senior officer sold 49,000 shares;
• On December 18, 2014 a senior officer sold 11,137 shares;
• On December 18, 2014 a director sold 27,764 shares;
• On December 18, 2014 a director sold 1,100 shares;
• On December 30, 2014 a senior officer sold 17,880 shares;
• On December 30, 2014 a senior officer sold 78,227 shares; and
• On December 30, 2014 a senior officer sold 8,490 shares.
GraceKennedy Ltd: 06.01.15
GraceKennedy Ltd has advised the stock exchange that Simon Roberts has been appointed group chief information officer effective January 1, 2015.
Sagicor Financial Corporation: 06.01.15
Sagicor Financial Corporation has informed the stock exchange that following the recent lowering of the sovereign rating on Barbados to “B” from “BB-“, Standard and Poor’s (S&P) on December 30, 2014 lowered the rating on Sagicor Life to “BB-”, from “BB+”. The rating action on Sagicor is as a direct result of the rating action on Barbados, and the rating on Sagicor remains the maximum two notches above its Sovereign Barbados.
At the same time, S&P lowered the rating on Sagicor Finance Ltd.’s US $150 million, 10-year senior unsecured note to “B“. Sagicor passed stress tests for both Barbados and Jamaica; and therefore S&P assigned a rating of “BB-“, which is above the current rating of these two countries.
Agostini's Ltd: 05.01.15
Agostini's Ltd advised the stock exchange that the company acquired a 40 per cent shareholding in Desinco Ltd, a Guyanese fast moving consumer goods (FMCG) distribution company. Desinco which has been in business for over 20 years, is well established in the distribution trade and is a respected member of the Guyanese business community.