Multi Finance Limited

Multi Finance Limited

27th June 2011, the Multi Finance Limited Announced to Colombo Stock Exchange, the Board of Directors Resolve convert the existing debt into voting ordinary shares in Pari passu at the price of Rs.30.00

Detail of Debt Conversion

Loan amount to be converted:Rs.185, 000,000.00
Conversion Price:Rs.30.00
No of New Shares issued:6,166,667
Name of the Party:Entrust Limited
Current Stated Capital:Rs.185, 990,196.00


The Above Private Placement is subject to approvals of Central Bank of Sri Lanka Securities and Exchange Commission of Srilanka and Shareholder approval at a general meeting.


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