Asian Alliance Insurance PLC

Asian Alliance Insurance PLC

19th September 2011. The Richard Pieris and Company PLC and Richard Pieris Distributors Limited accepted the Mandatory offer made by Softlogic Capital Limited to Acquire the Ordinary Voting shares held by Richard Pieris and Company PLC and Richard Pieris Distributors in Asian Alliance Insurance PLC.

The Richard Pieris and Company PLC and Richard Pieris Distributors are holding 25% of the stated capital of Asian Alliance Insurance PLC.

Company

QuantityPrice

Consideration

Richard Pieris and Company PLC5,629,900

LKR 120.00

LKR 675,588,000.00

Richard Pieris Distributors3,750,937

LKR 120.00

LKR 450,112,440.00




Leave a Reply

Your email address will not be published.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