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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 companies advised of the resignations in postings through the Jamaica Stock Exchange, attributing the […]

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 on the Jamaica Stock Exchange this week. The company plans to issue two hundred […]

Published in the Jamaica Gleaner Proven Investment Limited (PIL) plans to raise J$1 billion from a preference share issue to finance three acquisition deals by next month amid an imminent general election. PIL is acquiring a small loans-financing company and a stake in a tourism attraction, and it will set up a real-estate subsidiary, a REIT, […]

Written by Al Edwards | Jamaica Observer PROVEN Investments Limited (PIL) yesterday was the first company to have a US dollar listing on the Jamaica Stock Exchange (JSE). The investment house whose lead principals are Peter Bunting, Mark Golding, Christopher Williams and Gary Sinclair last year successfully raised US$20 million with 150 private investors taking […]

Proven Investments Limited (PIL) announced Monday that it would likely raise funds in a rights issue once it finalised an ongoing acquisition deal. Concurrently, the company, which is registered in St Lucia, wants to list in the Cayman Islands, following its planned initial Kingston listing-by-introduction at US$0.112 per share on July 14. “A rights issue, […]