Today 12th July 2011, the Softlogic Holdings Limited Board of Directors made announcement, that Softlogic Holdings acquire 73.53% of issued share capital of Asian Alliance Insurance PLC at the consideration of Rs.3, 308,929,920.00.
The same time Asia Capital PLC announce to CSE, the Board of Directors of Asia Capital PLC entered into a Shares sale/ Purchase Agreement to sell their total holding 53.16% of Asian Alliance Insurance PLC at the total consideration of Rs.2,392,513,920.00
|
No of shares |
Price per Share |
Total Consideration |
|
19,937,616 |
LKR 120.00 |
LKR 2,392,513,920.00 |
Softlogic holding acquires proposition
|
No of shares |
Price |
Percentage |
total consideration |
share Acquiring Company |
| 19,125,000 |
LKR 120.00 |
51% |
LKR 2,295,000,000.00 |
Softlogic Capital Limited |
| 8,449,416 |
LKR 120.00 |
22.53% |
LKR 1,013,929,920.00 |
Softlogic Holdings Limited |
| 27,574,416 |
73.53% |
LKR 3,308,929,920.00 |
Source: http://www.cse.lk/cmt/upload_cse_announcements/5111310443568_.pdf
http://www.cse.lk/cmt/upload_cse_announcements/301310442730_.pdf
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