In a first for the popular TVJ Schools’ Challenge Quiz tournament, Jamaican manufacturing and distribution company Derrimon Trading awarded shares as part of the prize package for the respective winning and runner-up teams, St Jago and Calabar high schools.

This groundbreaking move, done in collaboration with its Delect Foods brand, highlights the company’s commitment to nation-building and providing the next generation with essential financial education and tools for success.

As a part of the prize package from Delect Foods, the winning team, St. Jago High School, and the runner-up team, Calabar High School, have received an array of prizes aimed at fostering financial literacy and holistic development among students and coaches.

The prize breakdown is as follows:

Winning team St. Jago High School

• 25,000 Derrimon Trading shares for each member of the winning team (four core members and two coaches), totalling 150,000 shares.

• Delect Foods baskets for each member (four members and two coaches)

• Financial literacy workshop for the team and coaches focusing on ‘Investment for Beginners;’.

• J$100,000 cash prize for each player (four players)

Runner-Up Calabar High School

• 10,000 Derrimon Trading shares for each member of the runner-up team (four members and two coaches)

• Delect Foods baskets for each member (four members and two coaches)

• Financial literacy workshop for the team and coaches focusing on ‘investment for beginners’.

• J$50,000 cash prize for each player (four players)

The total prize value, including the shares, stands at J$1,275,600 along with additional baskets with an assortment of products from Delect Foods.

Derrick Cotterell, CEO of Derrimon Trading Company Limited, expressed his enthusiasm for incorporating shares into the prize package.

“At Derrimon, we believe in providing the next generation with not just financial rewards but also the necessary knowledge and tools to navigate the complexities of the financial world. By including Derrimon shares in our prize package, we aim to instill a sense of ownership and responsibility in these young minds, empowering them to make informed financial decisions for their future,” he noted.

Derrimon Trading, returning to the competition for a second consecutive year as sponsor, extended hearty congratulations to both St. Jago High School and Calabar High School for their outstanding performance in the 55th season of the TVJ School’s Challenge Quiz.

The company commended the students and their coaches for their hard work, dedication, and exemplary display of intellectual prowess throughout the competition.