About Proven
PROVEN Investments Limited (“PROVEN”) is the Caribbean’s premier Investment Company, built on the solid reputation of providing investors with safe and consistent returns on their investments. The PROVEN investment philosophy was conceptualized and is executed by one of the most experienced and professional teams in the finance and business sector throughout the region. The company’s main objective is to provide shareholders with consistent returns, through a diversified portfolio of regional and international investments. Our Board of Directors is guided by our Corporate Governance Policy which ensures that our shareholders needs are met. Our core investments include a portfolio of tradable securities, comprising mainly fixed income securities, with a mix of equities, mutual funds and structured products. PROVEN has created additional value and diversification for its shareholders by identifying and securing private equity positions in small and medium sized companies throughout the region which have a strong business model and potential for enhanced levels of growth over the medium term.
PROVEN is incorporated in St. Lucia as an International Business Company (“IBC”) pursuant to the International Business Companies Act, Cap. 12.14 of St. Lucia. The company’s registered office is located at 20 Micoud Street, Castries, St. Lucia. The assets and operations of PROVEN are managed by PROVEN Management Limited (“PML”), who has been engaged as the Investment Manager. PML’s registered office is located at 53 Lady Musgrave Road, Kingston 6, Jamaica.
In February 2010, PROVEN successfully raised equity capital through its fully subscribed private placement of ordinary shares. This was one of the largest private or public US Dollar equity offerings in the history of Caribbean’s capital market. The Company subsequently raised additional capital from a Rights issue in August of the same year. These ordinary shares in the Company were listed on the Jamaica Stock Exchange (“JSE”) in August 2011 and were the JSE’s first US Dollar denominated ordinary share listing. In December 2011, J$1 billion was raised through an 8% Preference Share Offer. These Preference Shares were subsequently listed on the JSE.