Proven Investments to Purchase Bank of Saint Lucia International

Proven Investments Limited (PROVEN) has advised that on December 12, 2016 it entered into an Agreement for Sale and Purchase of Shares to acquire 100% of the common equity of Bank of Saint Lucia International Limited (BOSIL) from East Caribbean Financial Holding Company Limited for an undisclosed consideration. The proposed acquisition by PROVEN is subject to regulatory authority and approvals in Saint Lucia and is scheduled to be completed in the first quarter of 2017, subject to any extension by mutual agreement between the parties.