4th August 2011, the PCH Holdings (Pvt) Limited and Mr. SHM Rishan made an announcement to Colombo Stock Exchange to purchase all remaining shares of Orient Garments Limited (OGL) as Mandatory Offer.
The recent acquisition made by PCH Holdings (Pvt) Limited and Mr. SHM Rishan towards the Orient Garments Limited (OGL) of 28,007,500 Ordinary Voting shares (51%) at the Price of Rs.21.50 per Share.
Therefore the PCH Holdings (Pvt) Limited and Mr. SHM Rishan call upon to purchase all remaining shares (26,909,156) of Orient Garments Limited (OGL) at the Price of Rs.28.00
Holding propositions | Date of Purchase | No of Ordinary Shares | Percentage |
PCH Holdings (Pvt) Ltd. | 1st August 2011 | 11,557,500 | 21.05% |
Mr.S H M Rishan | 1st August 2011 | 16,450,000 | 29.95% |
Total | 28,007,500 | 51.00% |
Source: http://www.cse.lk/cmt/upload_cse_announcements/2321312454928_.pdf
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