Citizens Development Business Finance PLC

Citizens Development Business Finance PLC

21st June 2011, the Citizens Development Business Finance (CDB) PLC announced to Colombo Stock Exchange, the Board of Directors of Citizens Development Business Finance (CDB) PLC has resolve to Issue shares by the way of Rights Issue.

Objective of Rights Issue

The rights are issuing for the purpose to be utilized Finance the leasing, Hire Purchases and Loan disbursements for the financial year of 2011/2012.

Number of Shares to be issues

Voting: 6,614,175 shares
Non Voting: 5,669,293 Shares

 

Propositions

Ordinary Voting Shares: 1 Ordinary Voting shares for Every 6 Ordinary Voting shares held.
Ordinary Non Voting shares: 1 Ordinary Non Voting shares for Every 7 Ordinary Voting shares held

 

The Consideration:

Voting Shares: Rs.70.00
Non Voting Shares: Rs.45.00

 

Total Rights Value

CategoryNo of SharesValueTotal Value
Voting Shares6,614,175LKR 70.00LKR 462,992,250.00
Non Voting Shares5,669,293LKR 45.00LKR 255,118,185.00
   LKR 718,110,435.00

 

Source: http://www.cse.lk/cmt/upload_cse_announcements/6361308657511_.pdf




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