Hayleys PLC announced to Colombo Stock Exchange about their 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 1000/- Each details of payments received by way of Bank Guarantees, RTGS transfers, Bank Drafts and Cheques relating to the above prior to the rejection of applications:
Marawila Resorts PLC announced to Colombo Stock Exchange that the Board of Directors of Marawila Resorts PLC at a meeting held this evening resolved to issue 122,500,000 Ordinary Shares at a price of Rs.3/- per share by way of a Rights Issue in the proportion of One (01) new Ordinary Share for every existing issued Ordinary Share, subject to approval by the Shareholders, Further the Board of Directors have resolved that, in their opinion, the consideration for which the shares to be issued is fair and reasonable to the entity and all existing shareholders.
The purpose of the issue is to settle the interest bearing borrowings of the Company,
The Stated Capital of the Company is Rs, 1,001,000,000/-,
The Rights Issue of Shares will not be underwritten.
Further, the Rights Issue is subject to the Exchange approving, in principle, the issue and listing of shares and obtaining Shareholder approval at an Extraordinary General Meeting
Hemas Holding PLC announced to the Colombo Stock Exchange that the company is proposed to issue of 57,254,513 ordinary shares by way of a 1 for 9 rights Issue.
The statement stated “We wish to inform you that the Board of HHL has received a written statement from the major shareholders of HHL namely Messrs. A Z Holdings (Private) Limited, Messrs. Saraz Investments (Private) Limited, Messrs. Blueberry Investments (Private) Limited, Amagroup (Private) Limited, Mr. Murtaza Esufally, Mr. Husein Esufally Mr. Imtiaz Esufally and Mr. Abbas Esufally. The major shareholders, have informed HHL that they have received strong expressions of interest from reputed international institutional investors and domestic investors who want to become shareholders of the company or to increase their existing shareholding in the company, in order to accommodate this interest the major shareholders have decided not to subscribe for their rights, enabling these interested parties to become shareholders or increase their shareholding in HHL, with the objective of further broad basing the ownership of the Company and increasing the historically poor liquidity of the HHL share.
The major shareholders have assured the Board that they will remain fully committed to the ongoing success of HHL and that they consider this rights issue as an important step in expanding the capital base of the business and providing the funds for the growth plans of HHL
31st October 2011, the National lanka Finance PLC Announced to Colombo Stock Exchange that the board of Directors Decided to offer the Share by the Way of Right Issue to the Existing Shareholders with attached Warrants at Free of Charge.
The Purpose of Rights and Warrant Issue is to
To Meet the Core Capital Requirement of Central Bank of Srilanka
To Finance the Credit and Real Estate Business Activities of the Company and to invest in Share and
To Invest in Subsidiaries of the Company
Number of Shares to be Rights Issue:
One Rights for Every four Shares Held [1:4]
Rs. 10.00 per Share
Total Rights Considerations:
No of Warrants to be Issue:
Each Warrant Convert into 1 Ordinary Shares in July 2013
Free of Charge
Three Warrants for Every five Rights to Subscribed [3:5]
Both Rights and Warrant Issues are Subject to the Exchange Approvals and the Shareholders Approvals on General meeting.
Today 21st September 2011, the Singalanka Standard Chemicals PLC announced to Colombo Stock Exchange that the, Gulf East Finance Limited has been allotted 2,668,255 Ordinary Voting shares at Rs.55.00 each.
With the Rights issue allotment the Gulf East Finance Limited is holding 59.27% of stake of Singalanka Standard Chemicals PLC.
Today 9th September 2011, the Colombo Stock Exchange made an announcement the Hatton National Bank PLC has Listed 4,800,000 Ordinary voting shares and 4,175,700 Ordinary Non Voting Shares were listed on 9th September 2011.
The People Merchant PLC announced to Colombo Stock Exchange that the Board of Directors of the Company has decided to raise a sum of Rs. 450 Million by the way of Rights Issue.
The People’s Merchant PLC expected to Issue 30 Million Ordinary Shares as Rights Issue at the price of Rs.15 per share as the proposition of 4 Ordinary shares for every 5 ordinary shares held in.
The Purpose of Rights Issue
The People’s Merchant PLC proposed the Rights Issue to comply with the liquidity reserve requirement of the central bank of Srilanka and to Mobilize long term funds of the company to settle short term debts and support to proposed increase in company’s leading portfolio.
The Rights issue is subject to the CSE approvals and Shareholders Approvals on AGM.
The Malwatte Valley Plantation PLC announced to Colombo Stock Exchange the resolutions for the Rights issue for Voting and Non Voting shares Were not taken up in the meeting on 4th August 2011, and its adjourned for 29th August 2011 at 10.30 AM at Srilanka Foundation Institute, No 100, Independence Square, Colombo 07.
21st June 2011, the Citizens Development Business Finance (CDB) PLC announced to Colombo Stock Exchange, the Board of Directors of Citizens Development Business Finance (CDB) PLC has resolve to Issue shares by the way of Rights Issue.
Objective of Rights Issue
The rights are issuing for the purpose to be utilized Finance the leasing, Hire Purchases and Loan disbursements for the financial year of 2011/2012.
Number of Shares to be issues
: 6,614,175 shares
: 5,669,293 Shares
Ordinary Voting Shares
: 1 Ordinary Voting shares for Every 6 Ordinary Voting shares held.
Ordinary Non Voting shares
: 1 Ordinary Non Voting shares for Every 7 Ordinary Voting shares held
10th June 2011, the Malwatte Valley Plantations PLC Board of Directors resolve to make Rights issue of voting and non Voting shares. The Rights funds will be utilized for the Diversifying into leisure Sector.
No of shares to be Issue as Rights
Non Voting Share:
Proportion of Rights Issue
1 Voting share and 3 Non Voting shares for Every 10 Voting Shares Held.
Non Voting shareholders:
1 Voting share and 3 Non Voting shares for Every 10 Non Voting Shares Held.