COMPANIES should focus more on seeking capital rather than loans to grow their businesses, according to Christopher Williams, president of Proven Management Limited. “Businesses globally are driven by capital structure that doesn’t depend totally on intermediaries (banks),” said Williams. “They don’t…
Proven, after 3 years
WHEN the ‘fantastic four’ — Peter Bunting, Mark Golding, Garry Sinclair, and Christopher Williams — launched Proven in early 2010, they said the investment company would offer strong support to Caribbean entrepreneurs through alternative financing options while driving above average return…
Proven Investments and the game of cricket
Justin Jones | Jamaica Observer Cricket has many variations currently available today. Iterations include 20 and 50 overs, which are played over the course of a day, and the slow and methodical test cricket, which is conducted over a few days….
Proven To Spend US$12m On Three Acquisitions
Financial services outfit, Proven Investments Limited, will spend up to US$12 million (J$1.08 billion) to acquire three regional financial entities in the short term. It will finance the acquisitions with equity and debt to be raised in part from a bond…
Bunting And Golding Resign From Proven
Two top partners of Proven Investments Limited, who have been assigned Cabinet positions in the new Government, have resigned as members of the management committee, and given up their seats on the board of subsidiary Proven Wealth Limited. Peter Bunting and…
PROVEN shares go public
PROVEN Investments Limited is seeking to raise J$1 billion by offering for subscription 200,000,000 cumulative redeemable preference shares at a subscription price of J$5.00 per share. Dividends will be paid quarterly at 8%. More about PROVEN On July 14, 2011, PIL…
Proven To Spend US$12m On Three Acquisitions
Steven Jackson | Jamaica Gleaner Financial services outfit, Proven Investments Limited, will spend up to US$12 million (J$1.08 billion) to acquire three regional financial entities in the short term. It will finance the acquisitions with equity and debt to be raised…
Proven’s US$1m shopping spree
Camilo Thame | Jamaica Observer PROVEN Investment Limited has spent just under US$1 million ($88 million) in its latest round of expansion, which is largely being backed by the near-$1 billion it raised from an issuance of preference shares last December….
Bunting, Golding Resign From Proven Investments
Newly-appointed Minister of National Security, Peter Bunting, and Minister of Justice Mark Golding have resigned from Proven Investments Limited, which they were instrumental in establishing two years ago. Golding has also resigned from the board of GraceKennedy, effective January 6. Both…
Proven Pref Share Offer Opens Tuesday
Steve Jackson | Jamaica Gleaner Proven Investment Limited (PIL) will next Tuesday open its planned $1-billion preference share offer in a bid to finance acquisition deals. The offer opens December 20 and closes on December 23, according to the prospectus posted…