10th June 2011, the Malwatte Valley Plantations PLC Board of Directors resolve to make Rights issue of voting and non Voting shares. The Rights funds will be utilized for the Diversifying into leisure Sector.
No of shares to be Issue as Rights
Voting Shares:
24,759,016
Non Voting Share:
74,277,048
Proportion of Rights Issue
Voting Shareholders:
1 Voting share and 3 Non Voting shares for Every 10 Voting Shares Held.
Non Voting shareholders:
1 Voting share and 3 Non Voting shares for Every 10 Non Voting Shares Held.
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