The Touchwood Investments PLC announced to Colombo Stock Exchange that the Board of Directors has passed the resolution of capitalization of reserves as follows.
| Number of Shares to be issues: | 35,635,200 |
| Proportion: | 1 new share for every 2 shares held |
| Consideration: | Rs. 8.75 per Share |
| Total Consideration: | Rs. 311,808,000 |
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