The joint liquidators of Dyoll Group Limited will be making a final dividend payment of 40 cents per share to current shareholders on Wednesday.

That is according to information posted on the website of the Jamaica Stock Exchange (JSE), which said that NCB Jamaica Nominees Limited will be handling the process of the final dividend payment on behalf of the liquidators.

When contacted, liquidators Ken Tomlinson and Paul Cole declined to disclose further information regarding the status of the liquidation process.

Dyoll Group opted for voluntary liquidation in 2008 after its insurance business succumbed to mounting claims following the passage of Hurricane Ivan in 2004.

Having paid out all its creditors, to the tune of about J$200 million according to Gleaner Business sources, the Group is remitting the remaining funds to shareholders.

Dyoll Group operated both in Jamaica and the Cayman Islands, but the brunt of the effect from the hurricane was felt in the latter country.

The Group was barred from trading on the JSE on several occasions and delisted in April 2008.

sabrina.gordon@gleanerjm.com