Business Briefs
Published:Wednesday | March 6, 2019 | 12:00 AM
Sagicor vote postponed
A meeting that was scheduled in Barbados over the restructuring of regional insurance conglomerate Sagicor Financial Corporation Limited, SFC, has been postponed.
Both Sagicor and the Canadian company that is acquiring it for US$536 million or US$1.75 per share want more time to sell the deal to shareholders, according to a market notice from SFC.
Shareholders of the insurance conglomerate were scheduled to consider and vote on a new scheme of arrangement for Sagicor tat a meeting initially scheduled for March 13. A new date is to be decided.
The postponement is “to allow Alignvest Acquisition II Corporation and the company more time to market the proposed transaction to be considered by shareholders and afford time for investors and shareholders to understand the publicly available information,” Sagicor Financial said in its market filing.
Coffee and a cruise
The Ministry of Tourism is trying to organize a new initiative that will see cruise tourists being offered a cup of luxury Blue Mountain Coffee as the disembark their ship to explore Jamaica.
Discussions are said to be under way with two unnamed coffee processors to roll out the service nationwide, wherever there are cruise ports.
The initiative was announced by Tourism Minter Edmund Bartlett on Saturday at the second annual Jamaica Blue Mountain Coffee Festival held at New Castle in the hills of St Andrew.
The three-day festival from March 1-3, featured 45 exhibitors, food demonstrations, live entertainment and a barista competition that was won by Sadiki Gordon of Toyota Coffee House.