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Showing 2 results for: Proven APO

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Business | Jan 27, 2021

Proven makes early closure of APO

Reading Time: 2 minutesProven Investments Limited has made an early closure of its Additional Public Offer (APO), based on the overwhelming public demand for the shares on offer. The APO, which was opened on January 8 and scheduled to close this Friday, January 29, actually closed three days earlier. The APO was officially closed at 4:00 pm Tuesday (January 26). In a notice published on the website of the Jamaica Stock Exchange (JSE), Proven reported that, “in accordance with the terms and conditions of the APO, as set out in the prospectus, the company decided to exercise its right to close its APO…

Business JAM | Dec 31, 2020

PROVEN APO back on, opens January 8

Reading Time: 4 minutesHaving pushed back its additional public offer (APO) for nine months, PROVEN Investments Limited is coming back to the equities market on January 8, 2021. PROVEN’s long-awaited APO will be for 89.41 million shares, set to rake in $2.93 billion and if the directors exercise the option to upsize the offer by a further 44.7 million shares to a maximum of 134.12 million new ordinary shares, the company could fetch $4.4 billion. The offer price is US$0.23/J$33.50 per share for the general public and a discounted price of US$0.225/J$32.80 per share for existing shareholders and  US$0.2200/J$32.10 per share for key investors….

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