Investor Access Equities (Pvt) Ltd offer Mandatory offer to purchase all the remaining ordinary shares of National Lanka Finance PLC.

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National Lanka Finance PLC
National Lanka Finance PLC

Investor Access Equities (Pvt) Ltd offers a Mandatory offer to buy the remaining Ordinary voting shares (39,972,100 [28.56%]) of National Lanka Finance PLC at Rs.5.00 each.

11th March 2011 the Investor Access Equities (Pvt) Ltd purchase 70 Million shares at Private Placement at a price of Rs.5.00 each. The 70 Million shares constituted approximately 50.01% of the shares issued by National Lanka Finance PLC.

It became obligatory to purchase all remaining share at the higher price paid by the offeror and the parties concert with the offeror.

Name date No of shares percentage
Investor Access Equities (Pvt) ltd 11th March 2011 70,000,000 50.01%
Nawaloka Construction (Pvt) Ltd 11th March 2011 14,000,000 10.00%
Mr. J Rudra 11th March 2011 16,000,000 11.43%
Total   100,000,000 71.44%

 

Source: http://www.cse.lk/cmt/uploadAnnounceFiles/181301568969_368.pdf


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