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
Leave a Reply