Commercial Bank of Ceylon PLC

Commercial Bank of Ceylon PLC

6th June 2011, the Commercial Bank announced the Rights Issue Amendment as follows,

The Earlier Rights proportions:1 share for every 7 shares held
Amendment:1 share for every 14 shares held

 

The bank plans to raise further Rs.5 Billion in the form of Tier II capital.

The Above shares subjective to the ESOP scheme exercise by the Employees.

The Right Issues

Ordinary Voting Shares

25,474,200 Ordinary Voting shares issue as Rights at the price of Rs.181.65 per share.

Ordinary Non Voting Shares

1,745,495 Ordinary Non Voting shares issue as Rights at the price of Rs.130.13 per share.

Source: http://www.cse.lk/cmt/upload_cse_announcements/91307362241_.pdf




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