Proven Investments Limited (PROVEN) has advised that based on the applications for subscriptions already received, the Company will be exercising its right to upsize the Additional Public Offering (APO) in respect of its New Ordinary Shares:
“Pursuant to the Prospectus dated December 23rd, 2020, this will enable PIL to accept additional applications in excess of the 89,416,037 New Ordinary Shares initially made available in the APO, up to a maximum of 134,124,037 New Ordinary Shares.
“PIL also reminds that the APO is scheduled to close at 4:00 p.m. on Friday, January 29, 2021, subject to the company exercising its right to close the application list at any time prior to the Closing Date, if applications have been received for the full amount of the respective New Ordinary Shares offered.,” stated PROVEN.
