Proven Investments Limited (ProvenJA) has advised that simultaneous with the completion of the acquisition of Bank of Saint Lucia International Limited (BOSLIL) effective on Friday, March 10, 2017, PROVEN entered into a Share Sale Agreement with Ryan Devaux, who has been head of BOSLIL since September 2005. Under that agreement, Ryan Devaux acquires 17.18% of the shares of BOSLIL and ProvenJA holds the remaining 82.82%. Proven JA advised that Ryan Devaux will continues in the position as Chief Executive Officer and that the remaining BOSLIL team does not change with the acquisition.

“BOSLIL will continue to offer the same outstanding international banking services,” BOSLIL and Proven stated in their joint statement.

Knutsford Express Limited (KEX) has advised that at the next Board of Directors Meeting to be held on Tuesday, April 11, 2017, the directors will be considering a subdivision of the Company’s shares.

Knutsford Express Limited (KEX) has advised that at the next Board of Directors Meeting to be held on Tuesday, April 11, 2017, the directors will be considering a subdivision of the Company’s shares.

Regional banking experts agree that while the atmosphere is ideal for infrastructural development in the region to boom, continued viability of projects is of utmost importance.

Carreras Limited (CAR) has advised of the establishment of a Corporate Governance Committee of the Board to provide a focussed and structured approach to corporate governance and to align best practices.

The members of the Committee are: Mr. Matthew Hogarth (Chairman), Mr. Eduardo Castañeda, Mrs. Janene Shaw and Mr. Marcus Steele.

KLE Group Limited (KLE) has advised that it would not be in a position to submit its Audited Financial Statements on March 1, 2017, as required. KLE explained that the delay in submission is due to the fact that the Company has to carry out a valuation of its shares and this process would not be completed within the required time frame to meet the March 1, 2017 deadline.

The Company stated that it would be publishing an advertisement in a national newspaper advising shareholders of the delay.

The Company advised that it would be submitting the said financials on or before March 30, 2017.

GraceKennedy Limited (GK) has advised that the Board of Directors at a meeting held on February 28, 2017, approved an interim dividend payment of  Thirty Cents ($0.30) per stock unit, to be paid on May 18, 2017, to stockholders on record as at May 1, 2017.  The ex-divided date is April 27, 2017.

GK further advised that the Company’s Register of Members will be closed for the period May 1, 2017 to May 5, 2017.

Scotia Investments Jamaica Limited (SIJL) has advised that SIJL’s Annual General Meeting will be held on Thursday, March 30, 2017, at 10:00 a.m. at the Blue Mountain Suite, Knutsford Court Hotel, Kingston.

Pulse Investments Ltd (PULSE) has advised that in a new agreement between PULSE and its related party property owner, leases for the Trafalgar Road and Villa Ronai properties, controlled by PULSE, have been extended to 50 years. Pepercorn rent payable for these 50 years, in accordance with the terms of the leases, has been paid up in advance.

This new extension of the existing leases was approved by PULSE’s Board at a meeting held on December 20, 2016. Under the terms of the extension, if any of the two leases is terminated prior to the end of 50 years, the company and its shareholders will be compensated to the full value of the leasehold improvements and investment made by the company in the properties to date, as well as any new investments made in the future. These investments currently total in excess of $1.3 billion.

Proven Investments Ltd (PIL) issued an Invitation for Subscription, subject to a prospectus dated December 8, 2016, where Tranche A saw an offering of 200,000,000 Cumulative Redeemable JMD Preference shares. The offer was closed on December 21, 2016 and was oversubscribed attracting a total of 632 applications for 215,518,040 shares.