Click here to view the PROVEN Investments Limited Annual Report 2013
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. In July 2010, PIL listed on the Jamaican Stock Exchange by way of introduction, that is, without issuing additional…
PROVEN Wealth Limited, which got its member dealer licence last October, commenced trading activities on the Jamaica Stock Exchange (JSE) on Friday.
The investment firm will conduct the business of trading on the stock market, as well as assist companies to list their securities on the main or Junior markets.
Unaudited Financial Statement Ended December 2012 Annual Report 2012
PROVEN Investments Limited posted a 24 per cent increase in its net profit.
This investment bank saw its net income rise to US$3.1 million for the nine months ended December 31, 2012, from US$2.5 million.
COMPANIES should focus more on seeking capital rather than loans to grow their businesses, according to Christopher Williams, president of Proven Management Limited.
It will finance the acquisitions with equity and debt to be raised in part from a bond placement planned for next month. The placement is expected to raise between J$750 million and J$1 billion.
“Currently, we are working on three additional private equity transactions representing approximately US$12 million of investment,” said Proven Chief Executive Officer Christopher Williams.
Proven Wealth Limited, Jamaica’s newest Investment house, recently launched two new products in an effort to break new ground in its strategic targeting of high net worth clientele, and also to stamp its name in the financial sector. The have done the first local release of a US-Dollar index ROE-enhanced note; i.e. a Jamaican dollar note indexed to the US…
PROVEN Investments Limited is seeking to raise J$1 billion by offering for subscription 200,000,000 cumulative redeemable preference shares at a subscription price of J$5.00 per share. Dividends will be paid quarterly at 8%. More about PROVEN On July 14, 2011, PIL became the first company to list ordinary shares on the Jamaica Stock Exchange denominated in United States dollars Proven…