Serendib Hotel PLC announce to the Colombo Stock Exchange, that the Director of Serendib Hotel PLC have resolve to recommend to the shareholders of the company to subdivision of its Ordinary Voting shares and Ordinary Non-Voting shares at the Proportion of 5:1.
Cause of the Sub Division the New Clusters are
|Type of share||Earlier||After Subdivision|
|Ordinary Voting shares||12,082,358||60,411,790|
|Ordinary Non-Voting shares||5,761,769||28,808,845|
The Above subdivision won’t affect the stated capital of the company or the ownership of the company, and the above subdivision is subjective to shareholders approvals at a general Meeting.