Tropical Battery Company Limited (TROPICAL) has advised that a connected party purchased 421,000 TROPICAL shares on Friday, February 11, 2022.

Tropical Battery Company Limited (TROPICAL) has declared a dividend of J$0.02 per share (versus J$0.01 per share last fiscal year), payable on January 31, 2022, to shareholders on record as at January 7, 2022. The ex-dividend date is January 6, 2022.

Effective 9 November 2021: David Walton has been confirmed in the position as the Director of Sales & Marketing and is on the Senior Management Team. Mr. Walton is an innovative Commercial Leader, with a background in Sales, Marketing and Distribution. He brings over 18 years-experience in the alcoholic beverage & FMCG industries and has consistently built brands and delivered commercial results. He is known for leading entrepreneurial ventures and commercial projects, including Sales & Marketing for Pure National Ice; attaining market leadership within a 3-year period.

Tropical Battery Company Limited (TROPICAL) advises that a dividend payment will be considered at the upcoming Board of Directors meeting of the Company to be held on December 20, 2021.

Oliver Hill has been appointed CEO of Tropical Mobility effective 4 October 2021, a new electric mobility solutions subsidiary formed to serve the needs of the emerging electric mobility ecosystem in Jamaica and across the Caribbean. Mr. Hill brings a wealth of experience in mergers and acquisitions intelligence and as a consultant to the Inter-American Development Bank (IDB), where he provided support on projects related to energy efficiency, renewable energy, electric mobility, water resource management and citizen security.

Tropical Battery Company Limited (JSE:TROPICAL), Jamaica’s leading supplier of energy storage solutions for the automotive market since 1950, will begin collecting spent lithium batteries for recycling in early 2022. The St. Andrew-based company is securing the requisite certifications and will export the spent lithium batteries from consumer electronics and electric vehicles to be recycled by a leading international recycling partner that recovers 95% of the elements for sale back to global battery manufacturers.

Tropical Battery Company Limited (TROPICAL) has advised that the company has elected the option to file its annual audited financial statements within 60 days at the end of the reporting year which the financial statements relate to.

Tropical Battery Company Limited (TROPICAL) has advised that Mr. Daniel Melville has been promoted to Deputy Managing Director effective June 1, 2021. This is a new position in the Company.

TROPICAL further advised that Mr. Melville has worked in the capacity of Director of Sales & Marketing for the last five (5) years and will continue to oversee the Sales and Marketing post until a replacement has been confirmed in the Director of Sales and Marketing position.

Tropical Battery Company Limited (TROPICAL) and CAC 2000
Limited (CAC), both listed on the Junior Market of the Jamaica
Stock Exchange, are pleased to announce the joint formation of
ENRVATE Limited, a company duly incorporated under the
guidelines of Companies Office of Jamaica on April 29, 2021.
ENRVATE will officially start offering their product and services as of
June 1, 2021.

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Claim No SU 2021 CD 00033 has been filed by TROPICAL in the Supreme Court of Jamaica Commercial Division requesting various Orders related to its AGM in light of the COVID-19 Pandemic, including an Order sanctioning the holding of its AGM in hybrid format. The matter will be heard on February 24, 2021 at 10am.

Fixed Date Claim Form: FixedDateClaimForm

Energy storage company Tropical Battery is seeking $325 million of equity from the market in an initial public offering of shares priced at $1 per unit.
The transaction as structured would reduce the Melville family stake in the 70-year-old company, held through Dai Diverze Jamaica Limited, from 100 per cent to 75 per cent.
The offer opens to the market on September 22 and closes September 30.
The past year has seen a $60-million investment in Tropical Battery Company’s build-out of a new headquarters and a restructuring of its offices on Ashenheim Road in Kingston.

Tropical Battery Limited has signed a brokerage partnership with NCB Capital Markets ahead of its planned initial public offering on the Junior Market of the Jamaica Stock Exchange (JSE).
The announcement is the first sign of interest in the Junior Market since the start of the year.
In a press release, NCB Capital Markets said it hopes to jumpstart the Junior Market which has been quiet following the economic fallout from COVID-19.