Date: February 3, 2020

PROVEN has advised that the Company and Sagicor Investments Jamaica Limited (“Sagicor Investments”) have entered into an underwriting agreement in respect of the proposed Additional Public Offering (“APO”) of ordinary shares recently announced by PROVEN. PROVEN has further advised that Sagicor Investments’ commitment under the Underwiring Agreement, which is subject to the APO receiving all regulatory approvals, is for up to US$50M.

PROVEN has also advised that with the approval of the Registrar of Companies, Proven Fund Managers Limited, a subsidiary of PROVEN, changed its name to International Financial Planning Jamaica Limited and was issued with a Certificate of Incorporation on Change of Name dated January 10, 2020.

 

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.