Radio Jamaica Ltd. (RJR) – Dividends

At the company’s annual general meeting on July 30, it was resolved that a dividend of 5% gross on preference shares together with an additional 2.5% participating dividend less tax for the year ended December 31, 1996; and a final dividend of five cents on each ordinary stock unit less income tax for the year ended December 31, 1996 be declared payable on August 29, 1997 to shareholders registered on August 15, 1997.

It was also resolved that the share capital of the company be increased by $4.3 million by the creation of 8.6 million ordinary shares of fifty cents each and that the directors be authorised to issue 8.6 million ordinary shares in the capital of the Jamaica Broadcasting Corporation or its nominee at a subscription price of $28 million.