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
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