24th June 2011, Softlogic Finance Plc announced to Colombo Stock Exchange, the Board of Directors of Softlogic Finance PLC resolve to issue new ordinary shares by the way of a Rights Issue.
Objective of Rights issue
- Expand the lending activities of the company
- Fulfill the capital adequacy requirement to business expansion
|No of Shares to issue:||10,701,129 Ordinary Voting Shares|
|Proposition of Rights:||2 new shares of Every 5 shares Held|
|Rights Price:||Rs.50.00 per share|