Monthly Archive

Recall of Grace Canned Corned Beef in the USA

Based on an advisory by its Brazilian corned beef supplier, Grace Foods USA has joined in the voluntary Class II recall of two batches of canned Corned Beef, which were produced for the USA market by that supplier.

Additional information on the Grace Foods USA Corned Beef Recall

  1. How many cans of Grace corned beef are affected by the recall?
    A.
    Based on the advice received by our supplier the two affected batch codes 100204, and 100205 include 1844 cases of corned beef, or 22,000 cans.

  2. How widely was the product distributed?
    A.
    The product was distributed to wholesale suppliers and supermarkets primarily in the New York Tri State area. We are not sure at this point exactly how far it may have gone beyond the Tri-State hence our reason for issuing a US-wide press release.

GraceKennedy Looks to New Products, Business in Recessionary Markets

As it anticipates a rebound in local and international markets in which it operates, the GraceKennedy Group is positioning itself to take advantage of new business opportunities and innovations.

GraceKennedy Announces New Dividend Policy

The Board of Directors of GraceKennedy Limited has approved a new policy for payment of dividends. Under the new policy the company will increase dividend payments to a minimum of 15% of Net Profit Attributable to Stockholders, up from a minimum of 10%. The decision was also taken to increase the frequency of dividend payments from two to three times yearly.

GraceKennedy Investor Briefing - Audio

To listen to audio from GraceKennedy's Investor Briefing, held on May 17, 2010, click on the link below.

GraceKennedy Posts 2010 Three Month Interim Report

GraceKennedy three month interim financial report for the period January to March 2010 is available for download.

Judgement Delivered in Favour of GKRS in Paymaster Suit

The Supreme Court has ruled in favour of GraceKennedy Remittance Services Limited (“GKRS”) and software developer, Paul Lowe, in the suit brought against them by Paymaster Limited (“Paymaster”).