Malwatte Valley Plantations PLC

Malwatte Valley Plantations PLC

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.

The Rights price:

Voting shares:Rs.6.75 Per Share
Non Voting Shares:Rs.5.50 Per Share

 Current Stated Capitals:                Rs. 373,000,010

The total Rights Funds

ShareNo of Rights Rights priceTotal Value
Voting Shares:24,759,0166.75LKR 167,123,358.00
Non Voting Share:74,277,0485.50LKR 408,523,764.00
Total;  LKR 575,647,122.00


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