BOSLIL Bank, St. Lucia
Proven is on on the verging of securing full ownership of St. Lucia based BOSLIL Bank.
The company reently disclosed to the Jamaica Stock Exchange that its shareholders approved a number of resolutions to support that bid earlier this month.
Investors in Proven agreed to the purchase of the remaining 25 per cent of shares in BOSLIL from Ryan Devaux, the company's CEO.
This amounts to 13,803 ordinary shares.
The shareholders agreed to the settlement of the purchase of the remaining shares, with the issue and allotment of 42,300,000 new ordinary shares.
The shares are priced at 24 US cents each.
Proven shareholders also agreed to an application for the settlement shares to be listed on the JSE, subject to the discretion of the Exchange.
Proven owns 75 per cent of the issued share capital of BOSLIL Bank.
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