Jan 2014 Financial News

The West Indian Tobacco Company Limited - Material Change

Jan 23, 2014

The West Indian Tobacco Company Limited has informed the Stock Exchange that as a result of the passage and subsequent publication of the Tobacco Control Regulations 2013, (following the proclamation of the Sections 10,11, 23-28 of the Tobacco Control Act, 2009) which contains the requirements for packaging and labeling of tobacco products and dispensers, the Company would be required to effect changes to its products and business operations on or before January 09th, 2015 (one year from the date of publication of the Regulations).

Some of the changes to be effected will include:
- The requirements for a declaration on packs of product and Health messages on the lower half of the front and back of the packs
- Rotation of the Health Messages every 12 months and even distribution of the 12 Health messages within every case.
- Changes to the physical attributes of dispensers supplied by the Company including a requirement to depict the Health Messages on the dispensers.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday January 23, 2014