06 January 2006
Company ID :- GREG
Proportion:- 01(One) for 01(One)
Issue Price:- Rs.20.00
The number of shares to be issued: 17,386,080
Current Stated Capital:- Rs.35,113,000
Purpose of issue:- for the purpose of raising capital for various investment opportunities that meet with the company's objectives and risk control thresholds.
Walker & Greig Ltd
03 December 2007
Date of Announcement: 03rd December 2007
Proportion: 24 for 01.
25 March 2008
Company ID GREG
Proportion : 24 (Twenty Four) for 01 (One)
Issue Price : Rs.10.00
EGM/ Provisional Allotment: 28-April-2008
Dispatch of Provisional Letter of Allotment: 06-May-2008
Rights Trading Commences on: 12-May-2008
Subject to Shareholder approval at the EGM.
EGM & Provisional Allotment: Subject to Approval
An Agreement with Brown & Company PLC
12 January 2009
Environment Resources Investment PLC has entered into an agreement with Brown & Company PLC to sell "Walker & Greig (Pvt) Ltd" which company was incorporated on 31st October 2008 and owned by Environment Resources Investment PLC.
The company further informed that all business dealings, assets and liabilities of Environment Resources Investment PLC have been transferred to Walker & Greig (Pvt) Ltd and the sale was concluded on 8th January 2009.
Right Issue Dates
16 January 2009
Company ID :- GREG
Date of Announcement: - 16.Jan.2009
Proportion :- One (1) for One (1)
Issue Price :- Rs. 20.00
Date EX :- 12.Feb.2009
Qty Offered :- 17,386,080
EGM/ Provisional Allotment :- 11-Feb-2009
Dispatch of Provisional Letter of Allotment:- 18-Feb-2009
Splitting :- 02-Mar-2009
Rights Trading Commences on :- 25-Feb-2009
RIGHTS ISSUE WITH WARRANTS ATTACHED
24 April 2009
Proportion:- Three (03) Ordinary Shares for every One (01) existing Ordinary Share held, at a price of Rs.20.00 per share.
2010 Warrants:- One (01) Warrant for One (01) Right at a price of Rs.22.00
2011 Warrants:- One (01) Warrant for One (01) Right at a price of Rs.24.00
The Current stated capital of the entity is Rs.382,834,600
Purpose :- Raising capital for various investment opportunities that meet with the company's objectives and risk control thresholds.
The Rights Issue and issue of warrants are subject to shareholder approval at a General Meeting
Reset of the Funds
14 May 2009
The Company informed the CSE the following "The Board of Directors of Environmental Resources Investment PLC wish to inform that the company raised LKR 347,721,600 in its Rights Issue completed 25th March 2009 and is presently engaged in negotiations to invest LKR 250 million of the said proceeds in Bank, Finance, Insurance, Trading sectors.
The said negotiations are expected to be completed by end of May 2009. Reset of the funds will be invested in accordance to the resolution passed on 11th February 2009".
Acquisition of Environmental Resources limited
28 August 2009
The Board of Directors of Environmental Resource Investments PLC (ERI) wishes to announce that it has finalized the terms and conditions for the acquisition of Environmental Resources Limited Which is a company incorporated in British Virgin Island and is a company holding assets of equity and debentures focusing in the platinum mining industry in South Africa.
The said company is an investment vehicle that will allow ERI to invest and take advantage of opportunities within the South African mining industry. The largest equity holding is that of Eastern Platinum Limited (52%) a publicly listed company on the Toronto Stock Exchange and is Canada's leading group metal producer. http://www.eastplats.com/
The Board of Directors further wishes to state that all regulatory approvals (The Central Bank of Sri Lanka, The Controller of Exchange and the Hon. Minister of Finance & Planning) for the said investment have been obtained.
ERI is expected to hold 100% equity of Environmental Resources Limited and a further announcement would be made to CSE upon conclusion of the transaction.
Acquisition of the Stock Broking Firm, HNB Stockbrokers (Pvt) Ltd.
The Board of Directors of Environmental Resource Investments PLC wishes to announce that, it has finalized the terms and conditions for the acquisition of the Stock Brokering Firm, HNB Stockbrokers (Pvt) Ltd.
The Board of Directors further wishes to state that all regulatory approvals for the said acquisition have been obtained.
ERI is expected to hold 100% equity of HNB Stockbrokers (Pvt) Ltd and a further announcement would be made to CSE upon conclusion of the transaction.
ENVIRONMENTAL RESOURCES INVESTMENT PLC - ANNOUNCEMENT
31 August 2009
The Company has made the following announcement to the CSE, "The Board of Directors of Environmental Resource Investments PLC (ERI) wishes to further clarify the announcement made on 28th August 2009 with regard to the Acquisition of Environmental Resources Limited as follows.
Environmental Resources Limited (ERL) is a company incorporated in British Virgin Island and is a company holding assets of equity and debentures focusing in the platinum mining industry in South Africa.
52% of the asset base of ERL consist equity of Eastern Platinum Limited."
ACQUISITION OF THE STOCK BROKING FIRM, HNB STOCKBROKERS (PVT) LTD
12 October 2009
The Board of Directors of Environmental Resource Investments PLC (ERI) wishes to confirm that the acquisition of the Stock Broking Firm DNH Financial (Pvt) Ltd (formerly known as HNB Stock Brokers (Private) Limited) was finalized on 9th October 2009 at a total consideration of Rs.151,413, 416.25 , which is the adjusted net asset value of the Company as at July 2009. This acquisition has been approved by the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange.
The Board of ERI further wish to confirm that the name of the Said HNB Stock Brokers (Private) Limited was changed to DNH Financial (Private) Limited on 7th October 2009.
SECTOR CLASSIFICATION - Environmental Resources Investment PLC
24 February 2010
Please be advised that the Environmental Resources Investment PLC has been re-classified under the "Investment Trusts" Sector with effect from 24th February 2010.
RIGHTS ISSUE DATES
02 March 2010
ENVIRONMENTAL RESOURCES INVESTMENT PLC
Company ID: GREG
Date of Announcement : 12th January 2010
Proportion : One (01) ordinary share for every Two (02) ordinary shares held
Issue Price : Rs.30.00
Current Stated Capital : Rs. 2,469,164,000
The Number of Shares to be Issued : 69,544,320
EGM/ Provisional Allotment : 30-03-2010
XR : 31-03- 2010
Dispatch of Provisional Letter of Allotment : 07-04-2010
Rights Trading Commences on : 15-04-2010
Renunciation : 22-04-2010
Last Date of Acceptance & Payment : 23-04-2010
Purpose : Raising capital for various investment opportunities in both Public as well as Private Assets in Sri Lanka and abroad that meet with the company's objectives and risk control thresholds.
CONVERSION OF 2010 WARRANTS
01 July 2010
Please note that 104,316,480 Ordinary Shares of the Company were listed on 1st July 2010, pursuant to the conversion of 2010 Warrants.
More Inside Stories in CSE.lk ENVIRONMENTAL RESOURCES INVESTMENTS PLC-(GREG.N0000) Under ANNOUNCEMENTS
Last edited by CSE.SAS on Mon Jan 09, 2012 4:22 am; edited 1 time in total