Trading summary for week ended May 5, 2012

National Commercial Bank Jamaica Limited (NCBJ) – 27.04.12

National Commercial Bank Jamaica Limited (NCBJ) has informed the Stock Exchange that Mr Vernon St Glen James has been appointed General Manager and a Director of NCB Insurance Company Limited, a subsidiary of NCBJ, effective April 27, 2012.

 

 

Prestige Holdings Limited (PHL) – 30.04.12

The following press release was issued by Prestige Holdings Limited:

The Company advises that Joseph P Esau steps down as Chairman of the Board with effect from April 30 2012, and Christian E Mouttet will be Chairman from that date. Both Mr Esau and Mr Mouttet have been directors of Prestige Holdings Limited since the acquisition of the Company from Pepsico in 1997.

Mr Esau will continue as a member of the Board of Directors, and will serve as Chairman of the Corporate Governance and Nominations, and the Compensation and Human Resources Committees.

 

 

The Board expresses its appreciation to Mr Esau for his leadership as Chairman of the Company for the past 15 years. Kurt Miller elected as a Director of the Company At the Annual Meeting of Shareholders held on April 25 2012, Mr Kurt Miller was elected to the Board of Directors. Mr Miller is a Senior Partner and Head of the Commercial Department of Fitzwilliam, Stone, Furness-Smith & Morgan. He joined the Firm in 1986 and has been a Partner since 1992. His area of specialty is finance, banking, and corporate/commercial transactions. He has acted and continues to act for a broad range of local and international clients in the areas of commercial transactions, structured credit transactions, leverage lending transactions, sovereign and commercial bond issues, mergers and acquisitions, securitisation transactions and aviation transactions. 

 

 

Flavorite Foods Limited (FFL) – 01.05.12

Flavorite Foods Limited has informed the Stock Exchange that Mr Godfrey Bain has retired as Chief Executive Officer of the Company with effect from April 30, 2012. Mr Bain will continue to serve on the Board of Directors of the Company in the capacity of Non-Executive Chairman.

Furthermore, Mr Louis Stefan Monteil was appointed as the Chief Executive Officer of the Company with effect from May 1, 2012.