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.
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.
WHEN the ‘fantastic four’ — Peter Bunting, Mark Golding, Garry Sinclair, and Christopher Williams — launched Proven in early 2010, they said the investment company would offer strong support to Caribbean entrepreneurs through alternative financing options while driving above average return on equity to shareholders.