18th November the Lanka Ventures PLC announced to Colombo Stock Exchange, that the LVL Energy Fund Limited, which is a wholly owned subsidiary of the company has proposed to issue 15,600,000 Ordinary Voting share(23%) of the Issued Share capital by the way of Private Placement. The Private placement made at the minimum price of LKR. 45.00
Tag Archives: Private Placement CSE
11th July 2011, the Muliti Finance Limited announced to Colombo Stock Exchange that the Private Placement (Debt Conversion) amended by the Board of Director of the Muliti Finance Limited.
27th June 2011, the Multi Finance Limited Announced to Colombo Stock Exchange, the Board of Directors Resolve convert the existing debt into voting ordinary shares in Pari passu at the price of Rs.30.00
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)