Proven to Acquire FGFS

GraceKennedy Limited has advised that subsidiary, First Global Holdings Limited has entered into an agreement dated April 24, 2014 for the sale of its 100% shareholding in First Global Financial Services Limited to Proven Investments Limited, subject to regulatory approval, with a transaction value of over $3.05 billion. Proven will change the name of the company on completion of the sale.

Proven Investments Limited has advised that its board of directors has approved the acquisition of 100% shareholdings in First Global Financial Services Limited from First Global Holdings Limited. The agreement was signed on April 24, 2014.