Aspiration Statement

Total Page:16

File Type:pdf, Size:1020Kb

Aspiration Statement ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS CORPORATE INFORMATION Corporate Information ...................................................................................................................... 3 HEAD OFFICE BOARD OF DIRECTORS Express House The Brands ............................................................................................................................................. 4 35 Independence Square, Port of Spain CHAIRMAN Chairman’s Statement ........................................................................................................................ 6 Trinidad and Tobago Tele: 868-623-1711-8, 868-627-8806 Sir Fred Gollop Q.C. Group Chief Executive Ofcer’s Statement ................................................................................ 8 Fax: 868-627-2721 Celebrating Our Tenth Anniversary ............................................................................................11 SECRETARY DIRECTORS Developing and Improving our Operations ............................................................................13 John Lum Young Corporate Social Responsibility ...................................................................................................15 35 Independence Square, Port of Spain Mrs. Dawn Thomas Trinidad and Tobago Group Chief Executive Ofcer Board of Directors .............................................................................................................................21 One Caribbean Media Ltd Corporate Governance ....................................................................................................................24 REGISTRAR The Trinidad and Tobago Central Dr. Grenville Phillips Organisational Chart ........................................................................................................................26 Securities Depository Limited Achieving Strong Performance ....................................................................................................28 10th Floor, Nicholas Towers, Mr. Harold Hoyte 63-65 Independence Square Directors’ Report ................................................................................................................................31 Port of Spain, Trinidad and Tobago Mr. Michael Carballo Directors’ and Senior Ofcers’ Interests and Major Shareholders ....................................32 ATTORNEYS-AT-LAW Mr. Peter G. Symmonds Q.C. Independent Auditor’s Report ......................................................................................................34 Faarees Hosein Consolidated Balance Sheet ..........................................................................................................35 Juris Chambers Mr. Faarees Hosein 39 Richmond Street Consolidated Income Statement .................................................................................................36 Port of Spain Mrs. Rashidan Bolai Consolidated Statement of Comprehensive Income ...........................................................37 Trinidad and Tobago Chief Executive Ofcer Caribbean Communications Network Ltd Consolidated Statement of Changes in Equity .......................................................................38 SIR H. deB. Forde, Q.C. Consolidated Statement of Cash Flows .....................................................................................39 Juris Chambers, Parker House, Wildey, Mr. Anthony Shaw St. Michael, Barbados Chief Executive Ofcer Notes to the Consolidated Financial Statements ..................................................................40 The Nation Corporation Notice of Meeting .............................................................................................................................93 Carrington & Sealy Cor. Belmont House, Belmont Road Proxy Form ...........................................................................................................................................95 St. Michael, Barbados AUDITORS PricewaterhouseCoopers 11-13, Victoria Avenue, Port of Spain, Trinidad and Tobago NO. OF EMPLOYEES 801 DESIGN, LAYOUT AND PHOTOGRAPHY www.realcompanylimited.com | PRINTING www.cpteck.com Page 2 | ONE CARIBBEAN MEDIA LIMITED | Annual Report 2015 ONE CARIBBEAN MEDIA LIMITED | Annual Report 2015 | Page 3 THE BRANDS BROADCAST - RADIO PRINT ENERGY VIDEO PRODUCTION, PRINTING & DESIGN BROADCAST - TELEVISION DIGITAL MEDIA DISTRIBUTION Page 4 | ONE CARIBBEAN MEDIA LIMITED | Annual Report 2015 ONE CARIBBEAN MEDIA LIMITED | Annual Report 2015 | Page 5 started in November 2014 and ended in West Indies and Western Ontario. Mr. November 2015. Previously V.L. rented Thomson served in the position of CHAIRMAN’S ofce and warehouse space at two Deputy Managing Director of Republic locations. Bank Limited during the period May 2005 to March 2012. He is a former Chairman In November 2015 work on the “Shine of National Flour Mills Limited and Street” Project in Port of Spain began. Director of The National Insurance Board STATEMENT The Project involves the construction of Trinidad and Tobago. He is at present a One Caribbean Media Limited (OCM) of a new multi-storey facility which will Director of Republic Bank Limited. achieved satisfactory results in 2015, accommodate the fve radio stations realizing a net proft before tax of under one roof. When completed, the At the same meeting Mrs. Dawn Thomas, US$17.2M which was 6.6% ahead of brand new facility will be outftted with Mr. Harold Hoyte and Dr. Grenville last year. This was accomplished in the State of the art equipment. Construction Phillips will be proposed for re-election face of profound changes in the media is projected to be completed by July and Mr. Anthony Shaw will be proposesd industry both globally and regionally 31, 2016 and the stations should be for election to the Board of Directors. and the economic environment in the commissioned by November 2016. These Directors have and continue to markets in which OCM operates. Currently our radio stations rent ofce make outstanding contributions to and studio spaces at two locations. OCM’s growth and development. Our Group experienced a slowdown in advertising revenue in 2015 but this was The Group continues to lend its I thank my colleagues on the Board of buttressed by the return on real estate assistance to several sporting, cultural Directors for their support. I wish, in acquisitions and our investments in and educational causes in the region. particular, to congratulate our Group CEO digital/technology companies. These include the longstanding Mrs. Dawn Thomas and her management Express Children’s Fund which provides team and staf across the Group for the The strategy of selective diversifcation assistance to primary and secondary hard work, commitment and dedication adopted by the Board is refected in our school students in Trinidad and Tobago which made these results possible. I also Aspiration Statement - “To make sound and the Bocas Prize for Caribbean thank our viewers, readers, advertisers investments in diverse businesses that Literature and the Annual “Funathon” and all those who support our several will provide for the leveraging of the event in Barbados. investments. Group’s assets and competencies and the creation of shareholder value”. Our next scholarship in Journalism will I shall retire as Chairman of OCM at the be awarded this year in the name of close of the upcoming Annual Meeting. In Trinidad and Tobago, the Express Mr. Harold Hoyte, co-founder of the On that date I would have completed remained the market leader both in sales Nation newspaper. The scholarship, in over 20 years as a member of the parent and readership, assisted in 2015 by the Journalism and Business Studies are open Board. I need hardly state that it has been General Election and the newspaper’s to applicants from across the Caribbean. a privilege. cover price increase. CCN TV6 and The awards are made in alternate years ‘Citadel’ Radio Network (i95.5 FM, Red in honour of Mr. Hoyte and the late Mr I take this opportunity to thank all those 96.7FM, W107.1 FM The Word) continue Vernon Charles, founder of the Express. past and present with whom I had the to provide very pleasing results. honour to serve. During the year Mr. Anthony Shaw was In Barbados, The Nation Publishing Co. appointed CEO of the Nation Group in I also express my appreciation for the Ltd. remains in a leadership position Barbados in succession to Mrs. Vivian- directors of our subsidiaries, members while Starcom Network Inc. is at the Anne Gittens, a former OCM Board of staf and our shareholders for their stage of signifcant upgrading. member. We thank Mrs. Gittens for her support. contribution and wish her well in her We are in the process of renovating Your Directors have agreed to a fnal retirement and upgrading the over
Recommended publications
  • OCM Annual Report 2018 ALL Pages FINAL
    ONE CARIBBEAN MEDIA LIMITED | ANNUAL REPORT 2018 ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS Corporate Information ........................................................................................................... Page 3 The Brands .................................................................................................................................. Page 4 Chairman’s Statement ............................................................................................................. Page 6 Group Chief Executive Ofcer’s Statement ..................................................................... Page 8 OCM CSR Initiatives 2018 ....................................................................................................Page 10 Board of Directors ..................................................................................................................Page
    [Show full text]
  • An RBC Company
    An RBC Company Weekly Weekly Year to Nominal % Date % 6-Sep-19 13-Sep-19 Change Change Change Composite Index 1,395.38 1,391.83 (3.55) -0.25% 6.82% All T&T Index 1,751.68 1,749.99 (1.69) -0.10% 2.65% Cross Listed Index 140.81 140.05 (0.76) -0.54% 15.03% SME Index 73.10 80.00 6.90 9.44% -20.00% First Tier Market Weekly Volume Weekly Value 1,460,841 $18,877,407.65 Volume Leader Shares % Market GKC 265,280 18.16% NCBFG 247,683 16.95% NGL 187,729 12.85% Opening Closing Price Change Change Week's Major Advances Price ($) ($) $ % NFM $1.64 $1.68 $0.04 2.44% NGL $24.49 $25.00 $0.51 2.08% GHL $18.01 $18.22 $0.21 1.17% Opening Closing Price Change Change Week's Major Declines Price ($) ($) $ % TCL $2.25 $2.11 -$0.14 -6.22% NEL $6.00 $5.70 -$0.30 -5.00% PHL $8.40 $8.10 -$0.30 -3.57% Mutual Fund Market Weekly Volume Weekly Value 62,807 $1,513,476.29 Security Shares Value CALYP 120 $1,860.00 CIF 62,687 $1,511,616.29 Exchange Rate US$1=TT$6.7493 US$1=JMD$137.7675 EQUITY SUMMARY This week saw 1,460,841 shares traded on the First Tier Market a decrease of 7.77 per cent on last week’s total of 1,583,980 shares crossing the floor. The value of the shares traded was down by 18.40 per cent to $18,877,407.65 from the previous week’s value of $23,134,591.60.
    [Show full text]
  • Annual Report 2006
    CONTENTS OUR VISION To be an effective regulator of the capital market in which stakeholders have confidence. 1 Letter of Transmittal OUR MISSION 2 Functions of the Commission The Trinidad and Tobago Securities and 4 Message from the Chairman Exchange Commission is the regulatory agency for the Securities Industry. We administer 10 General Manager’s Remarks the Securities Industry Act to protect the investor, promote integrity and transparency and foster the development of the capital 14 Management Discussion market through a committed and competent team of professionals. 15 I Protecting the Investing Public 24 II Promoting Efficient and Orderly Markets 26 III Improving Business Capability 29 Appendices 45 Auditors’ Report 46 Financial Statements 55 Additional Information Letter of Transmittal January 3st, 2007 The Honourable Patrick Manning Prime Minister and Minister of Finance Whitehall 9 Maraval Road PORT OF SPAIN Dear Honourable Prime Minister, In accordance with the provisions of Section 20() of the Securities Industry Act, 1995, I submit the Annual Report of the Trinidad and Tobago Securities and Exchange Commission for the financial year ended September 30th, 2006 together with a copy of the Annual Audited Statement of Accounts certified by the auditors. I would be grateful if you could advise me when the report is laid in Parliament, as the Act requires that copies be made available to the public after it has been so laid. Yours faithfully, OSBORNE NURSE Chairman Functions of THE Commission The Trinidad and Tobago Securities and Exchange Commission (the Commission) was established by the Securities Industry Act, 1995 (the Act). It is an autonomous body whose role is to provide for the regulation of the securities market in Trinidad and Tobago and for related matters.
    [Show full text]
  • Circular to Shareholders
    1 Circular to Shareholders Circular to Shareholders This Circular is being circulated to shareholders in accordance with the requirements of the Companies Act, Chap 81:01 and the Security Act, 2012 as amended. The notice convening the special meeting of Shareholders together with the information on the Proposed Restructuring and a form of proxy are enclosed within this Circular. Wednesday June 3, 2015 Republic Bank Limited (A Company incorporated in the Republic of Trinidad and Tobago and continued under the provisions of the Companies Act Chap 81:01 of the Revised Laws of the Republic of Trinidad and Tobago) 2 3 Republic Bank Limited Circular to Shareholders Corporate Table of Information Contents Registered Office Attorneys-at-Law 4 Chairman’s Letter Republic House Pollonais, Blanc, de la Bastide & Jacelon 9-17 Park Street, Port of Spain Pembroke Court 6 Forward-Looking Statements Trinidad and Tobago, West Indies 17-19 Pembroke Street Port of Spain 8 Notice of Special Meeting Group Head Office Trinidad and Tobago, West Indies Republic House 10 Annex to Notice of Special Meeting PO Box 1153 J.D. Sellier & Company 9-17 Park Street, Port of Spain 129-131 Abercromby Street 13 Explanatory Statement Trinidad and Tobago, West Indies Port of Spain 14 Proposed Mechanism to Incorporate a Holding Company Tel: (868) 625-4411, 623-1056 Trinidad and Tobago, West Indies Fax: (868) 624-1323 17 Details on Proposed Ammendment to By-Laws Swift: RBNKTTPX Hobsons Email: [email protected] Hobsons Court 18 Structure Prior to Reorganization, Republic Bank
    [Show full text]
  • One Caribbean Media Limited Annual Report 2017
    ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS Corporate Information ........................................................................................................... Page 3 The Brands .................................................................................................................................. Page 4 Chairman’s Statement ............................................................................................................. Page 6 Group Chief Executive Officer’s Statement ..................................................................... Page 8 Meet Our Newest Team Members .................................................................................... Page10 OCM CSR Initiatives 2017 ....................................................................................................Page
    [Show full text]
  • Onecaribbean Media Limited
    ONE CARIBBEAN MEDIA LIMITED | ANNUAL REPORT 2018 ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS Corporate Information ........................................................................................................... Page 3 The Brands .................................................................................................................................. Page 4 Chairman’s Statement ............................................................................................................. Page 6 Group Chief Executive Officer’s Statement .....................................................................Page 8 OCM CSR Initiatives 2018 ....................................................................................................Page 10 Board of Directors ..................................................................................................................Page
    [Show full text]
  • 2015 Annual Report
    ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS CORPORATE INFORMATION Corporate Information ...................................................................................................................... 3 HEAD OFFICE BOARD OF DIRECTORS Express House The Brands ............................................................................................................................................. 4 35 Independence Square, Port of Spain CHAIRMAN Chairman’s Statement ........................................................................................................................ 6 Trinidad and Tobago Tele: 868-623-1711-8, 868-627-8806 Sir Fred Gollop Q.C. Group Chief Executive Ofcer’s Statement ................................................................................ 8 Fax: 868-627-2721 Celebrating Our Tenth
    [Show full text]