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Steven Jackson | Jamaica Gleaner 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 […]

PROVEN Investments last week reported Net Profit of US$6.6 million and return on average equity of 20.7 per cent for the 13-month period ending March 31 2011, its first year of operations. Consolidated net revenue for the period under review was US$11.9 million, with net interest income of US$3.4 million or 29 per cent of […]

Written by Steven Jackson | Jamaica Gleaner PROVEN Investments Limited is negotiating the acquisition of a second investment firm amid posting US$6.6 million (J$565 million) in audited after-tax profit for its first 13 months of operations. “We are pumped,” said Christopher Williams, PROVEN’s chief executive officer, in a Sunday Business interview on Thursday. The negotiations involve a […]

Published in the Jamaica Gleaner Proven Investment Limited (PIL) said Thursday that it has sealed the deal for acquisition of Guardian Asset Management (GAM) Jamaica Limited. Guardian Holdings Limited (GHL) has sold 100 per cent of its shares in GAM Jamaica to Proven. The parties signed off on the transaction on Tuesday. The price was […]

Dionne Rose | Jamaica Gleaner Christopher Williams, chief executive officer of Proven Investments Limited (PIL), says that the company is concentrating on building out its asset portfolio but will follow through on plans to go public, and list on the Jamaica Stock Exchange. “We have a date in mind, but we are not in a […]