Cemex removes JLP 'fee' payment from US filing

Cemex, the ultimate parent company of Caribbean Cement Company, has amended an earlier filing with the US Securities and Exchange Commission which had disclosed a payment described as “fees” of over US$201,500 to the ruling Jamaica Labour Party, JLP.

The payment was listed as a “fee” under “Payments to Government” filings for the year 2024 in the disclosure to the Commission on September 29.

However in an amendment filed on October 17 Cemex removed references to the JLP and the fee.

“The sole purpose of this Amendment No 1 is to revise the disclosures for the amount of fees paid to certain foreign governments” read a section under the heading ‘explanatory note’.

The change followed enquiries made by the Financial Gleaner earlier this month.