Kintyre Holdings Hosts Successful AGM, Charts New Path Following Rebranding from iCreate
Kintyre Holdings (JA) Limited, formerly iCreate Limited, held its highly anticipated Annual General Meeting (AGM) on October 2, 2024, at the AC Hotel Kingston, marking a pivotal moment in the company’s journey as it embraces its new identity and strategic direction. The AGM, a gathering of shareholders, board members, and stakeholders, served as an opportunity to reflect on the company’s recent milestones, announce acquisitions, and chart the way forward.
The rebranding from iCreate to Kintyre Holdings is part of a broader strategic transformation aimed at expanding beyond the company’s initial focus on digital and creative education. With its roots as a leading institution in the creative industries, Kintyre Holdings is now poised to diversify its portfolio, placing emphasis on Financial & Advisory Services, Hospitality & Leisure, Real Estate Development, Media, Advertising & Entertainment while maintaining its commitment to its creative legacy.
Key Resolutions Passed
At the AGM, shareholders approved all resolutions on the agenda, signifying unanimous support for the company's new direction. One of the key highlights was the formal announcement of two new acquisitions:
Sevens Restaurant & Lounge: Kintyre Holdings now holds a 20% stake in Sevens Kingston Limited, the popular restaurant and lounge located in the heart of Kingston. This investment aligns with Kintyre Holdings' expansion into the hospitality sector, underscoring the company’s vision to tap into new growth areas.
Parallel Real Estate Ventures Limited: Kintyre Holdings acquired a 51% stake in Parallel Real Estate Ventures, the developer behind The Chalet, an upscale real estate project at Bengal Beach in Discovery Bay, St. Ann. This acquisition solidifies the company’s footprint in real estate development, adding another layer to its diversified holdings.
Charting a New Path
Tyrone Wilson, Chairman and CEO of Kintyre Holdings, expressed enthusiasm about the company's future direction. “This AGM was more than just a meeting; it was the launch of a new chapter for our individual and institutional shareholders. We are charting a new path, and our acquisitions and rebranding are just the beginning. The future of Kintyre Holdings is rooted in diversity, innovation, and growth,” said Wilson.
With a growing portfolio that now includes real estate ventures, a thriving restaurant, and digital advertising opportunities, Kintyre Holdings is positioning itself as a versatile and forward-thinking investment entity. The company’s subsidiaries, such as Visual Vibe continues to drive momentum, with Visual Vibe making significant strides in Jamaica’s digital out-of-home advertising market.
A Commitment to Community and Legacy
In addition to its business objectives, Kintyre Holdings remains committed to social impact, with its foundation and charity efforts gaining attention. The AGM provided an opportunity to highlight the company's $3 million investment in iCreate stocks for three youths from Kintyre, Papine, an initiative designed to fund their education through stock maturity when they reach post-secondary education. This effort reinforces Kintyre Holdings' dedication to empowering the next generation.
Looking Ahead
As Kintyre Holdings embarks on this new journey, shareholders and stakeholders can expect continued innovation and expansion across its diversified portfolio. The company’s leadership team, bolstered by new board appointments such as Dr. Nick Rowles-Davies is well-positioned to drive future growth and deliver value to shareholders.
Kintyre Holdings is not just evolving from its iCreate origins—it is expanding its vision and embracing new opportunities that will define its future. With strategic acquisitions and a bold new direction, Kintyre Holdings is charting a path of growth and long-term success.
At Kintyre Holdings (formerly iCreate Limited), we are thrilled to announce the successful completion of our 2024 Annual General Meeting (AGM), held at the AC Hotel Kingston on October 2, 2024. This milestone event not only provided an opportunity to connect with our valued shareholders but also marked a pivotal moment as we continue to transition into a diversified investment holding company. The AGM was a resounding success, with all resolutions being passed unanimously, positioning the company for its next phase of strategic growth.
Key Highlights of the AGM:
1. Approval of Key Resolutions
One of the highlights of the AGM was the approval of several key resolutions. These include:
The adoption of our 2023 audited financial statements.
The re-election of directors, affirming the leadership and vision that has guided us through this transformative period.
The approval of two major acquisitions, including a 20% stake in Sevens Restaurant and a 51% stake in Parallel Real Estate Ventures, the developer behind the much-anticipated Chalet at Bengal Beach.
These resolutions provide the company with the foundation to execute our aggressive expansion strategy, further solidifying Kintyre Holdings as a leader in real estate, creative industries, and hospitality.
2. Introduction of New Leadership
We also took the opportunity to introduce Andrew Wildish, our newly appointed Chief Financial Officer (CFO), who brings a wealth of experience in corporate finance, having previously worked with various startups, the Musson Group, and financial advisory roles. His expertise in raising over USD 2 million in debt and equity capital will be instrumental in guiding our financial strategy as we embark on new ventures and continue to strengthen our position in the marketplace.
3. Looking Forward: A Vision for Growth
The AGM also served as a platform to discuss our plans for the future. Tyrone Wilson, our Chairman & CEO, outlined our strategic vision for the company, which includes focusing on key sectors such as real estate, digital media, and hospitality. One of the most exciting projects in the pipeline is the development of Creative City on Ardenne Road—a transformative mixed-use development set to change the architectural landscape of Kingston by 2026.
In addition to this, Parallel Real Estate Ventures, a subsidiary of Kintyre Holdings, is leading the development of The Chalet at Bengal Beach, a luxury residential project in Discovery Bay, St. Ann. Both projects represent our commitment to creating long-term value for shareholders through forward-thinking investments.
4. Charity and Community Efforts
In line with our corporate social responsibility initiatives, we were proud to announce the launch of our Kintyre Holdings Foundation, which began its charity efforts by investing $3 million in iCreate stocks for three youths from Kintyre, Papine—the home of our CEO, Tyrone Wilson. These stocks will be held in trust until the youths reach post-secondary education, at which time they will be used to fund their studies and cover essential educational expenses. This initiative reflects our commitment to giving back to the community that has shaped us.
5. A Successful Year Ahead
With all resolutions passed, strong leadership in place, and exciting projects on the horizon, Kintyre Holdings is well-positioned for sustained growth. Our focus remains on unlocking value for our shareholders by strategically expanding into high-growth sectors, driving innovation, and building a solid foundation for long-term success.
We are grateful to our shareholders, board members, and leadership team for their unwavering support as we embark on this next phase of our journey. As Kintyre Holdings continues to evolve, we remain committed to making impactful investments and delivering value to all our stakeholders.
Thank you to everyone who made this AGM a success. We look forward to sharing more exciting developments in the months to come.