Softlogic Finance PLC Rights Issue

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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


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