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
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