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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 cent of Knutsford Express. “It is now an associate company and we are very, […]

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 several growth-related plans via its real estate division and its asset management operation. Its […]

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 16, 2014 and the Offer was fully subscribed,” stated management in a release to […]

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 to take up the offer to purchase additional shares at a reduced cost of […]

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 (FGH) for $3.5 billion. The deal is subject to regulatory approval and closure. The […]