Mandatory Offer by PCH Holdings (Pvt) Limited and Mr. SHM Rishan to purchase all remaining shares of Orient Garments Limited (OGL)

Spread the love

Orient Garments Limited
Orient Garments Limited

4th August 2011, the PCH Holdings (Pvt) Limited and Mr. SHM Rishan made an announcement to Colombo Stock Exchange to purchase all remaining shares of Orient Garments Limited (OGL) as Mandatory Offer.

The recent acquisition made by PCH Holdings (Pvt) Limited and Mr. SHM Rishan towards the Orient Garments Limited (OGL) of 28,007,500 Ordinary Voting shares (51%) at the Price of Rs.21.50 per Share.

Therefore the PCH Holdings (Pvt) Limited and Mr. SHM Rishan call upon to purchase all remaining shares (26,909,156) of Orient Garments Limited (OGL) at the Price of Rs.28.00

Holding propositions Date of Purchase No of Ordinary Shares Percentage
PCH Holdings (Pvt) Ltd. 1st August 2011 11,557,500 21.05%
Mr.S H M Rishan 1st August 2011 16,450,000 29.95%
Total   28,007,500 51.00%

 

Source: http://www.cse.lk/cmt/upload_cse_announcements/2321312454928_.pdf

Related Source:

http://synergyy.com/2011/08/04/pch-holdings-pvt-ltd-and-mr-s-h-m-rishan-acquire-51-of-orient-garments-limited-ogl/

 


Spread the love

Posted

in

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *