Subdivision of 1:1
Today 11th February 2011. The NDB announced to Colombo Stock Exchange, that the Board of Directors resolves to increase the number of exiting ordinary shares of 82,100,951, subdividing by the proportion of one share for every ordinary share in exits.
Therefore the Ordinary shares of NDB increase to 164,201,902, and the stated capital will be remaining at Rs. 1,093,094,670.00.
Further Board of Director says they resolve the Article of Association of NDB Bank and the above subdivision is subjective to shareholder approvals at the General meeting.