Hemas Holdings announces Rights Issue of 1 for 9

Hemas Holdings PLC announces their Right issues to Colombo Stock Exchange last week,

  • Company ID: – HHL
  • Date of Initial Announcement: – 20.Feb.2015
  • Proportion: – One (01) new ordinary share for every Nine (09) existing ordinary shares held
  • Issue Price: – Rs. 72 /-
  • Qty Offered: – 57,254,513
  • General Meeting / Provisional Allotment: – 10.Apr.2015
  • Date EX: – 15.Apr.2015
  • Dispatch of Provisional Letter of Allotment: – 21.Apr.2015
  • Trading Commences on: – 27.Apr.2015
  • Renunciation: – 06.May.2015
  • Last Date of Acceptance & Payment: – 07.May.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

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 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:

 

TYPE A

Payments made by Bank Drafts and Cheques

  • For 100,300 debentures for Rs. 10,030,000/-
  • 04 Applications

Payments made by Bank Guarantees

  • 6,000,000 debentures for Rs.600,000,000/-
  • 02 Application

 

TYPEB

Payments made by Bank Drafts and Cheques

  • 21,300 debentures for Rs.2,130,000/-
  • 06 Applications

Payments made by Bank Guarantees

  • 8,000,000 debentures for Rs.800,000,000/-
  • 01 Application

Payments made by RTGS Transfers

  • 7,000,000 debentures for Rs.700,000,000/-
  • 02 Application

 

Marawila Resorts PLC Rights Issues for 122,500,000 Shares for 1:1

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 Going for Right Issues of 57,254,513 ordinary shares (1:9)

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

 

Maskeliya Plantations Right Issues

Maskeliya Plantations Right Issues
Maskeliya Plantations Right Issues

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.

Date of announcement: 28th August 2012
Provisional Allotment: 19th October 2012
Date of Ex rights: 22nd October 2012
Dispatch Provisional Letter of Allotment: 25th October 2012
Rights trading commence: 2nd November 2012
Renunciation: 9th November 212
Late date for payment: 12th November 2012

People Merchant PLC Rights Issue

People Merchant Bank
People Merchant Bank

21st November 2011, the Colombo Stock Exchange Announced the Rights Issue of People Merchant PLC.

No of Shares Allotted: 30,000,000
Amount Raised: 450,000,000
Proportion: 4:05
Consideration: Rs.15.00
Date Issue: 21st November 2011

Nation Lanka Finance PLC Rights and Warrants Issue

Nation Lanka Finance PLC
Nation Lanka Finance 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 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

Rights Issue

Number of Shares to be Rights Issue: 49,982,562
Rights Proportion: One Rights for Every four Shares Held [1:4]
Consideration: Rs. 10.00 per Share
Total Rights Considerations: LKR 499,825,620.00

 Warrants Issue

No of Warrants to be Issue: 29,989,537
Warrant Conversion: Each Warrant Convert into 1 Ordinary Shares in July 2013
Consideration: Free of Charge
Proportion: 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.

Pelwatte Sugar Industries PLC Right Issues – Further Information

Pelwatte Sugar Industries PLC
Pelwatte Sugar Industries PLC

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
Issue Price: LKR 18.00
Quantity Offers: 16,994,222
Consideration: LKR 305,895,996.00
EGM/ Provisional Allotment: 22nd November 2011
Ex Rights: 23rd November 2011
Dispatch of Provisional Letter of Allotment: 29th November 2011
Rights Trading Commences: 5th December 2011
Renunciation: 12th December 2011
Last date of Acceptance & Payment: 13th December 2011

 

Last Post in Synergyy:    http://synergyy.com/2011/09/13/pelwatte-sugar-industries-plc-%e2%80%93-rights-issue-2011/

AluFab PLC – Right Issue

AluFab PLC
AluFab PLC

Colombo Stock Exchange announced the Notification on Listing Rights Issue in CSE

The AluFab PLC Right Details

No of Shares Allotted: 8,038,800
Consideration: LKR 38.00
Amount to be raised: LKR 305,474,400.00
Right Proportion: 2:1
Date Listed: 30th September 2011

Singalanka Standard Chemicals PLC Rights were listed on 22nd September 2011

Singalanka Standard Chemicals PLC
Singalanka Standard Chemicals PLC

22nd September 2011, the Colombo Stock Exchange announce, that the Singalanka Standard Chemicals PLC Rights issue were listed on 22nd September 2011.

Singalanka Standard Chemicals PLC Rights Details

No of Shares Alloted:

                   4,155,621

Rights Price:

LKR 55.00

Total Consideration:

LKR 228,559,155.00

Proportion:

3:1

Singalanka Standard Chemicals PLC Rights Issue Allotment to Gulf East Finance Limited

Singalanka Standard Chemicals PLC
Singalanka Standard Chemicals PLC

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.

Pelwatte Sugar Industries PLC – Rights Issue 2011

Pelwatte Sugar Industries PLC
Pelwatte Sugar Industries PLC

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.

No of Rights Issue: 16,994,222
Rights Proportion: 1 share for every 4 Shares held
Rights Price: Rs. 18
Total Consideration: Rs. 305,895,996
Purpose of Rise: rise the capital consideration of the company

 

Listing on Voting and Non Voting Rights Issue of HNB in CSE

HNB
HNB

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 Hatton National Bank PLC offer the Rights of

Descriptions Voting Shares Non Voting Shares
Rights issue 28,740,020 7,013,916
Rights price Rs. 219.50 Rs. 119.50
Rights Subscribed 19,020,702 2,838,149
Unsubscribed Rights 9,719,318 4,175,767
Listed in CSE on 09.09.2011 4,800,000 4,175,700
Balance Rights 4,919,318 67

 

Softlogic Finance PLC Rights Issue Shares Listed today

Softlogic Finance PLC
Softlogic Finance PLC

Today 9th September 20111, The Softlogic PLC Rights Issue Shares are listed in CSE today.

No of Shares: 10,701,129 Ordinary Voting Shares
Consideration: Rs. 535,056,450.00
Rights Proportion: 2:5
Rights price were: Rs.50.00
Listed on : 9th September 2011

Commercial Bank Rights Issue Shares Listed in CSE

Commercial Bank of Ceylon PLC
Commercial Bank of Ceylon PLC

The Colombo Stock Exchange announced that the Commercial Bank Rights Issue Shares are listed on CSE 6th September 2011.

Type of Shares

No of Shares

Value of share

Total Consideration

Proportion

Voting Shares            25,502,433 LKR 181.65 LKR 4,632,516,954.45 1:14
Non Voting Shares              1,745,494 LKR 130.13 LKR 227,141,134.22 1:14
Total            27,247,927   LKR 4,859,658,088.67  

Citizens Development Business Finance PLC Rights Issue were Listed in CSE

Citizens Development Business Finance PLC
Citizens Development Business Finance PLC

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

Share type

No of Shares Allotted

Proportion

Consideration

Total Raised

Voting Share:

6,614,175

1:06

70.00

   462,992,250.00
Non Voting Share:

5,669,293

1:07

45.00

   255,118,185.00
           718,110,435.00

People’s Merchant PLC Rights Issue 4 for 5

People Merchant Bank
People Merchant Bank

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.

Ceylon Cold Stores PLC Rights Issue Listed

Ceylon Cold Stores PLC
Ceylon Cold Stores PLC

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 Rights has been Issued and Allotted in the recent Past.

Malwatte Valley Plantation PLC rights Issue Resolution adjourned

Malwatte Valley Plantations PLC
Malwatte Valley Plantations PLC

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.

Softlogic Finance Rights Issue dates

Softlogic Finance PLC
Softlogic Finance PLC

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.

Proportions: 2 New Ordinary shares for Every 5 Shares held
Rights Price: Rs.50.00
Right Offered: 10,701,129
EGM Provisional Allotment: 29th July 2011
Ex Rights: 1st August 2011
Dispatch of Provisional Letter of Allotment: 5th August 2011
Rights Trading commences on: 11th August 2011
Renunciation: 18th August 2011
Last Date of Acceptance & payment:  19th August 2011

 

Source: http://www.cse.lk/cmt/uploadAnnounceFiles/5911308916700_863.pdf

http://www.cse.lk/companiesprofile/announcments.htm?id=1041&symbol=CRL.N0000

Singalanka Standard Chemicals PLC Rights Issue Amendment

 

Singalanka Standard Chemicals PLC
Singalanka Standard Chemicals PLC

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.

The EGM and provisional Allotments will be on 11th August 2011 and the Ex Rights will be on 12th August 2011.

The Provisional Letter of Allotment will dispatch on 18th August 2011 and the trading commence on 24th August 2011.

Renunciation will be on 1st September and the last date to acceptance and payments will be on 2nd September 2011.

Source: http://www.cse.lk/companiesprofile/announcments.htm?id=153&symbol=SING.N0000

Softlogic Finance PLC Rights Issue

Softlogic Finance PLC
Softlogic Finance PLC

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

 

Source: http://www.cse.lk/cmt/upload_cse_announcements/9671308916678_.pdf

Citizens Development Business Finance (CDB) PLC Rights Issues

Citizens Development Business Finance PLC
Citizens Development Business Finance PLC

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

Voting : 6,614,175 shares
Non Voting : 5,669,293 Shares

 

Propositions

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

 

The Consideration:

Voting Shares : Rs.70.00
Non Voting Shares : Rs.45.00

 

Total Rights Value

Category No of Shares Value Total Value
Voting Shares 6,614,175 LKR 70.00 LKR 462,992,250.00
Non Voting Shares 5,669,293 LKR 45.00 LKR 255,118,185.00
      LKR 718,110,435.00

 

Source: http://www.cse.lk/cmt/upload_cse_announcements/6361308657511_.pdf

Malwatte Valley Plantations PLC Rights Issue

Malwatte Valley Plantations PLC
Malwatte Valley Plantations PLC

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

Voting Shares: 24,759,016
Non Voting Share: 74,277,048

 Proportion of Rights Issue

Voting Shareholders: 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.

The Rights price:

Voting shares: Rs.6.75 Per Share
Non Voting Shares: Rs.5.50 Per Share

 Current Stated Capitals:                Rs. 373,000,010

The total Rights Funds

Share No of Rights  Rights price Total Value
Voting Shares: 24,759,016 6.75 LKR 167,123,358.00
Non Voting Share: 74,277,048 5.50 LKR 408,523,764.00
Total;     LKR 575,647,122.00

 Source: http://www.cse.lk/cmt/upload_cse_announcements/1171307694141_.pdf

AluFab PLC Rights Issue and Private Placement

AluFab PLC
AluFab PLC

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.

Rights Issue

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
Total    12,058,200    

 

Private Placement

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)

 

Source: http://www.cse.lk/cmt/uploadAnnounceFiles/2571307349334_689.pdf

Commercial Bank of Ceylon PLC Rights Issue Amendment

Commercial Bank of Ceylon PLC
Commercial Bank of Ceylon PLC

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.

Source: http://www.cse.lk/cmt/upload_cse_announcements/91307362241_.pdf

Ceylon Cold Stores PLC Rights and Subdivision

Ceylon Cold Stores PLC Elephant House
Ceylon Cold Stores PLC Elephant House

Today 03rd June 2011, Ceylon Cold Stores PLC announced further detail of Rights Issue and the Subdivisions. Such as,

Right Issue

 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.

 Subdivision

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.

 

Source: http://www.cse.lk/companiesprofile/announcments.htm?id=426&symbol=CCS.N0000

http://synergyy.com/2011/05/ceylon-cold-stores-plc-elephant-house-rights-issue-and-share-sub-division/