Janashakthi Limited (“JL”), Announce in to the Colombo Stock Exchange that the Janashakthi Limited has purchases 99.78/% of Bartleet Finance PLC.
Janashakthi Limited purchased 6,639,998 voting ordinary shares of Bartteet Finance PLC (“BFL”) held by the major shareholder Bartleet Transcapital Limited (“BTCL”) at a total price of Rs.874,818,419/- constituting approximately 86.79% of the voting rights of the Company on 22nd January, 2015.
Further, at the time of the above acquisition, Janashakthi Limited already held 993,749 voting ordinary shares of BFL, constituting approximately 12.99% of the voting rights which had been purchased between 02nd January, 2015 to 10th January, 2015, at a total price of Rs.109,312,390/-.
With the above acquisition, Janashakthi Limited now holds a total number of 7,633,747 Ordinary Shares of BFL constituting approximately 99.78% of the voting rights of the company. Thus, effective from 22nd anuary 2015, BFL shall be a subsidiary of Janashakthi Limited.