AluFab PLC

AluFab PLC

June 6, 2011 the AluFab PLC announce to Colombo Stock Exchange that the Board of Directors resolve to issue rights and made Private placement to correct the Negative Stated Capitals.

Rights Issue

The AluFab PLC makes rights issue of 2 new ordinary shares for every 1 share held.

 No of ShareRights PriceTotal Rights
Existing Shares:     4,019,400  
Rights issues:     8,038,800                   38   305,474,400.00
Total   12,058,200  


Private Placement

The Private Placement is where the converting the Existing Debt of the Director and Connected parties as given Blow.

 Amount of DebtsShares to be Issue @ RsNo of shares
Advance against Capital issues   
Mr. P J Claeeon    31,653,160                      38          832,978
Metro Incentives Inc      7,695,490                      38          202,513
Loans to Company   
Mr. P J Claeeon    15,495,425                      38          407,774
Fastighets AB Bremia    21,398,450                      38          563,117
Mr. T N Dole    10,777,485                      38          283,618
Total    87,020,010       2,290,000


The Percent Equity Capital as on 31st March 2011

Paid-up Capital and share PremiumLKR 40,198,323.00
Revaluation ReserveLKR 15,234,456.00
Accumulated LossLKR 104,757,890.00
Equity Capital(LKR 49,325,111.00)



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