Express Business Filler #1

This week, we at Bourse provide an update on the progress of the proposed Alignvest-Sagicor transaction, with the shareholder meeting having been held on June 4th, 2019. We also review the latest financial results of Jamaica Money Market Brokers Group Ltd (JMMBGL), whose performance will likely be influenced by ‘New Sagicor’ going forward.

Sagicor Financial Corporation Ltd (SFC)

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Sagicor Financial Corporation Ltd (SFC) shareholders gave their resounding support for the proposed acquisition by Alignvest Acquisition II Corporation (AQY), at the Scheme of Arrangement meeting on 4th June, 2019. Of the shareholders casting their votes in person or by proxy, 94.2 per cent voted in favour of the transaction. 


This week, we at Bourse take a look at the financial performance of two major players in the Non-Banking Finance sector: Sagicor Financial Corporation Limited (SFC) and Guardian Holdings Limited (GHL), for the six-month period ended June 30th, 2019. 

LAST week saw 1,346,042 shares traded on first tier market, a decrease of 14.24 per cent on the previous week’s total of 1,569,519 shares crossing the floor. The value of the shares traded was up by 15.62 per cent to $14,347,690.73 from the previous week’s value of $12,409,110.29.

Thanks but no thanks. Wheel and come again. This is the message president of the Public Services Association Watson Duke has sent to UNC political leader Kamla Persad Bissessar, who on Tuesday called for unity with the trade union movement, ahead of next year’s general election.

THE Chief Executive Officer of the Heritage Petroleum Company Mike Wylie has taken leave of absence from the job on medical grounds. This was confirmed by chairman of Trinidad Petroleum Holdings Company (TPH) Wilfred Espinet, who said the CEO was on sick leave.