Proven Plans Third Rights Issue For Debt Repayment, New Investments – Target: US$20m To US$40m
Proven Investments Limited (PIL) will be tapping its shareholders for additional equity capital through a renounceable rights issue to raise at least US$20 million ($2.3 billion). The company needs funds for new investments and to pay down debt used to fund...
Proven increases stake in Knutsford Express
Financial outfit Proven Investments Limited has increased its stake in Knutsford Express Services Limited resulting in the bus firm becoming an associate company. Proven Investments head Chris Williams told the Jamaica Observer on Monday that his company now holds 20 per...
Proven Rights Issue Raises US$10m
Proven Investments Limited has raised US$10.3 million (J$1.13b) from its rights issue. Shareholders were allowed an additional share for every four units held at a price of US$0.14, a discount on the current market price of US$0.18. Proven is currently executing...
Proven raises over $1 billion in rights issue
PROVEN Investments Limited (PIL) effectively raised US$10.3 million ($1.1 b) in its rights issue which closed last Friday, the company indicated. The company will use the proceeds to finance future undisclosed acquisitions. “Proven Investments Limited rights issue closed on Friday, May...
Proven Investments Limited Raises US$10.3 Million From Rights Issue
On Friday May 16, 2014 PROVEN Investments Limited announced the closure of its Right’s Issue offer with a total subscription of 341 applications. The offer, which opened on Monday, May 5, 2014, was a renounceable Rights Issue that allowed existing shareholders...
Proven snags FGFS for $3.5b
GraceKennedy Limited has sold its investment subsidiary to Proven Investments Limited, confirming a deal that first came to light in March. Proven has acquired 100 per cent of the shares in First Global Financial Services (FGFS) from First Global Holdings Limited...
Proven buys First Global Financial Services
FIRST Global Financial Services (FGFS) will more than triple Proven Wealth’s funds under management when they merge. The $3-billion deal will see Proven Investments Limited’s take the securities dealer off GraceKennedy’s hands — minus the Jamaica Stock Exchange (JSE) licence, which...
Proven Eyes Takeover of FGFS
The owners of Proven Investments Limited are finalising negotiations for a friendly takeover of First Global Financial Services Ltd (FGFS), well-placed sources have advised Wednesday Business. The transaction is close to being sealed, but still has “some hurdles left”, including some...
PROVEN reports solid first-quarter results
The firm made the announcement amid reporting solid first-quarter results for the period ending June 30, 2013, with a 25 per cent increase in consolidated net revenue to US$2.6 million, and a 22 per cent improvement in net profit to US$1.03...
Proven Investments Limited: Prospects for a Pioneer
Proven Investments Limited (PIL) is a St Lucian IBC, incorporated on November 25, 2009 as a holding company. In February 2010, PIL successfully raised US$20 million through the private placement of 200 million ordinary shares, and commenced operations in March 2010....