Guardian Holdings to list on Jamaica Stock Market through introduction jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
“We see this acquisition as complementary to our current financial services offerings, and an opportunity to widen our presence in the wealth management space throughout the Caribbean, said Johann Heaven, Head of Banking and Wealth at Proven.
Proven Investments Limited has announced an agreement with the parent company of Canada s largest Registered Education Savings Plan (RESP) firm to purchase 100 per cent interest in Heritage Education Funds International Inc. (Heritage).
Proven on Thursday, said it entered into an agreement with Knowledge First Foundation, the parent company of Knowledge First Financial Inc.
Heritage specialises in administering and managing education savings plans (ESPs) for clients in the Bahamas, Bermuda, Jamaica, and the British Virgin Islands and has enrolled over 50,000 children in its plan since its inception in 1983, It oversees approximately US$150 million in assets under management.
FESCO basis of allotment out jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Proven Investments Limited raised US$34 million in its additional public offer (APO).
“A total of 4,148 applications were received totalling just over US$34.5 million,” said Proven in a statement.
The APO has increased Proven’s capital from US$122 million to US$156.5 million.
The general public received full allotment and key investors received 70 per cent of their allotment.
Proven Investments Limited, the listed private equity firm which started during the financial crisis a decade earlier holds an interest in several financial companies. It opened its APO to raise funds for acquisitions.
The offer closed early on January 26, 2021, with applications totalling 154,231,234 ordinary shares, representing an oversubscription of US$4.3 million, the company said.