Dolphin Cove majority stake sale agreed as PriceSmart expands and JSE volumes concentrate

Dolphin Cove has disclosed to the Jamaica Stock Exchange that its majority owner has agreed to sell a controlling interest in the marine attraction company. World of Dolphins Incorporated signed a share purchase agreement to transfer 313.9 million shares — roughly 80% of Dolphin Cove — to Global Attractions, a firm incorporated in St. Lucia.

Once the deal closes, the buyer must follow Jamaica Stock Exchange rules and securities laws that govern changes of control. Takeover regulations will also require Global Attractions to make a mandatory offer for the remaining shareholders’ stock within 30 days of gaining control.

Separately, PriceSmart Jamaica is preparing to open clubs in Montego Bay and on South Camp Road in Kingston, and plans a new distribution centre in Jamaica during the 2026 financial year to reinforce its regional logistics network.

For the quarter ended May 31, PriceSmart’s global operations posted revenues of US$1.48 billion, up 12.5% year on year. Net merchandise sales rose 12.5% to US$1.45 billion, while sales at clubs open more than 12 months grew 10.7%. Over the first nine months of the financial year, global revenues reached US$4.36 billion, up 10.7%, with net income of US$128.9 million.

On the Jamaica Stock Exchange for the July 13, 2026 trading session, the most actively traded stocks were JMMB Group Limited, with 18,512,910 units accounting for 33.01% of market sales activity; TransJamaican Highway Limited, with 13,317,334 units or 23.74%; and Derrimon Trading Company Limited, with 6,486,210 units or 11.56%. Activity centred on transportation, finance and distribution counters.

Bank of Jamaica data to July 14, 2026 showed firm demand across major currencies. The US dollar traded with selling at J$159.14 and buying at J$157.72. The Canadian dollar sold at J$113.52 and bought at J$112.12. The British pound sold at J$215.87 and bought at J$207.17, leaving an approximate J$8.70 bank spread.

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