Hemas Holdings PLC announces their Right issues to Colombo Stock Exchange last week, Company ID: – HHL Date of Initial …Read the Rest
Tag Archives: CSE Rights Issue
Hayleys PLC issue of 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 100/. Each
Hayleys PLC announced to Colombo Stock Exchange about their 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 1000/- Each …Read the Rest
Marawila Resorts PLC announced to Colombo Stock Exchange that the Board of Directors of Marawila Resorts PLC at a meeting …Read the Rest
Hemas Holding PLC announced to the Colombo Stock Exchange that the company is proposed to issue of 57,254,513 ordinary shares …Read the Rest
The Maskeliya Plantation announces right issues as the proportion of one new shares for every one share held at a price of Rs. 12.00. The company offered 26,976,745 shares as right issues.
21st November 2011, the Colombo Stock Exchange Announced the Rights Issue of People Merchant PLC.
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 Pelwatte Sugar industries PLC Announced the Right Issue future detail information of the dates,
Date of Initial Announcement: 9th September 2011
Proportion: One (1) New Ordinary Shares for Every Four (4) Ordinary Shares Held
Colombo Stock Exchange announced the Notification on Listing Rights Issue in CSE
22nd September 2011, the Colombo Stock Exchange announce, that the Singalanka Standard Chemicals PLC Rights issue were listed on 22nd September 2011.
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.
9th September 2011, the Pelwatte Sugar Industries PLC announced to Colombo Stock Exchange, that the Board of Directors Approved the Right Issue of Shares by the way of Resolution Passed.
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.
Today 9th September 20111, The Softlogic PLC Rights Issue Shares are listed in CSE today
The Colombo Stock Exchange announced that the Commercial Bank Rights Issue Shares are listed on CSE 6th September 2011.
The Citizens Development Business Finance PLC rights issue was listed to CSE on 1st September 2011.
The Colombo stock exchange made an announcement of Rights issues which listed
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.
11th August 2011, the Colombo Stock Exchange announced the Ceylon Cold Stores PLC listed their 2,160,000 Ordinary Voting Shares of Rights Issue as pursuant to a 1:10.
The Colombo Stock Exchange announced that the HNB Rights Issues of 19,020,702 Ordinary Voting Shares and 2,838,149 Non Voting Shares of the Company were listed on 12th August 2011.
The Malwatte Valley Plantation PLC announced to Colombo Stock Exchange the Malwatte Valley Plantation PLC 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.
The Softlogic Finance PLC announced to Colombo Stock Exchange, the company going to issue Rights at the Price of Rs.50.00 each. Ever 5 Ordinary shares held will carries 2 ordinary shares rights.
Today 7th July 2011, the Singalanka Standard Chemicals PLC announced the amendment of the rights issues as follows,
4,155,621 Ordinary Voting shares issue as Rights at the proportion of 3 Ordinary Voting shares for Every 1 Ordinary Voting Shares Held at the price of Rs.55.00 each.
24th June 2011, Softlogic Finance Plc announced to Colombo Stock Exchange, the Board of Directors of Softlogic Finance PLC resolve to issue new ordinary shares by the way of a Rights Issue.
Objective of Rights issue
• Expand the lending activities of the company
• Fulfill the capital adequacy requirement to business expansion
No of Shares to issue: 10,701,129 Ordinary Voting Shares
Proposition of Rights: 2 new shares of Every 5 shares Held
Rights Price: Rs.50.00 per share
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.
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.
June 6, 2011 the AluFab PLC announce to Colombo Stock Exchange that the Board of Directors resolve to issue rights and made Private placement to correct the Negative Stated Capitals.
The AluFab PLC makes rights issue of 2 new ordinary shares for every 1 share held.
No of Share Rights Price Total Rights
Existing Shares: 4,019,400
Rights issues: 8,038,800 38 305,474,400.00
The Private Placement is where the converting the Existing Debt of the Director and Connected parties as given Blow.
Amount of Debts Shares to be Issue @ Rs No of shares
Advance against Capital issues
Mr. P J Claeeon 31,653,160 38 832,978
Metro Incentives Inc 7,695,490 38 202,513
Loans to Company
Mr. P J Claeeon 15,495,425 38 407,774
Fastighets AB Bremia 21,398,450 38 563,117
Mr. T N Dole 10,777,485 38 283,618
Total 87,020,010 2,290,000
The Percent Equity Capital as on 31st March 2011
Paid-up Capital and share Premium LKR 40,198,323.00
Revaluation Reserve LKR 15,234,456.00
Accumulated Loss LKR 104,757,890.00
Equity Capital (LKR 49,325,111.00)
6th June 2011, the Commercial Bank announced the Rights Issue Amendment as follows,
The Earlier Rights proportions: 1 share for every 7 shares held
Amendment: 1 share for every 14 shares held
The bank plans to raise further Rs.5 Billion in the form of Tier II capital.
The Above shares subjective to the ESOP scheme exercise by the Employees.
The Right Issues
Ordinary Voting Shares
25,474,200 Ordinary Voting shares issue as Rights at the price of Rs.181.65 per share.
Ordinary Non Voting Shares
1,745,495 Ordinary Non Voting shares issue as Rights at the price of Rs.130.13 per share.
Today 03rd June 2011, Ceylon Cold Stores PLC announced further detail of Rights Issue and the Subdivisions. Such as,
The Rights of 1 share for every 10 shares held; will be issued at the price of Rs.300.00 each. The Ceylon Cold Stores PLC offered 2,160,000 Ordinary shares as Rights.
General Meeting & Provisional Allotment: 30th June 2011
Ex Rights date: 1st July 2011
Dispatch of provisional Letter of Allotment: 7th July 2011
Rights Trading Commences: 13th July 2011
Renunciation: 21st July 2011
Last date of Acceptance & Payment: 22nd July 2011.
EGM: 30th June 2011
Subdivision based on the shareholding as at end of trading on: 12th August 2011
Period of Dealing Suspension (Both days Inclusive): 15th to 17th August 2011.
Date of Commencement of trading: 18th August 2011.