Hatton National Bank PLC

Hatton National Bank PLC

5th May 2011, the Hatton National Bank announce to Colombo Stock Exchange that the Company is going to issue Rights and the Private placement

HNB Rights Issue

The company decided to Issue right issue of Voting and non Voting ordinary shares as following proportions.

Proportion:        1:6

Share typeNo of sharesAt the priceTotal
Voting ordinary shares       47,900,033


Non Voting ordinary shares       11,689,859


Total       59,589,892    11,910,995,394.00


Private Placement

The HNB Board of Directors decided to make Private Placement of 13,500,000 new ordinary Voting shares. The issued price is not less than Rs.235 per Share.

 The private Placement will be offer to the Institutional investors (both Local and foreign). The shares will be issued the investor/s who offer/s the highest price.

Source: http://www.cse.lk/cmt/upload_cse_announcements/9381304600012_.pdf

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