Union Assurance PLC announces that the Company will commence the process to divest its general Insurance business to a wholly owned subsidiary. The proposed new company, Union Assurance General (Private) Limited will later be listed on the Colombo Stock Exchange as required by the Insurance Board of Sri Lanka. A disclosure filed with the CSE on March 27, 2014.
Board of Directors of Richard Pieris and Company PLC has decided to issue of 30 million Rated, Unsecured and Redeemable Debentures with a value of Rs.3 billion with the option of increasing the issue size up to 35 million Rated, Unsecured and Redeemable Debentures with a total value of Rs.3.5 billion. The Company has submitted the Application to the Colombo Stock Exchange in this regard. A disclosure filed with the CSE on March 26, 2014.
The Softlogic Capital PLC announced a right issue at a proportion of thirteen (13) new ordinary shares for every ten (10) existing ordinary shares held as at April 10, 2014.The right will be issued at Rs.3.40 with an offer quantity of 388.9 million shares. Rights trading commence on April 22, 2014 and the last date of acceptance and payments will be on April 30, 2014. A disclosure filed with the CSE on March 26, 2014.
On March 26, 2014 Touchwood Investments PLC (the Company) filed a disclosure with the CSE regarding the court case No. HC Civil 31/2013/CO. The Counsel for the Company Sought to be Wound Up made submissions to Court as to why the Company should not be wound up by order of Court. Counsel for the Petitioner made submissions in reply and thereafter Counsel for the Securities and Exchange Commission made submissions to Court. Parties agreed to file their written submissions on April 03, 2014 on which day the ease will be called in Court.
The CSE has approved, in-principle, an Application submitted by Sinhaputhra Finance PLC, for the listing of its Non-Voting, Non-Cumulative, Non-Redeemable, Preference Shares on the Diri Savi Board of the CSE. 670,765 Non-Voting, Non-Cumulative, Non-Redeemable, Preference Shares of the Company will be listed by way of an Introduction. The Non-Voting, Non-Cumulative, Non-Redeemable, Preference Shares will be granted a listing on or before the 3rd market day upon receipt of the Declaration from the Company. Such details will be forwarded to you in due course. A disclosure filed with the CSE on March 25, 2014.
DFCC Bank and NDB Bank
The Boards of both DFCC (DFCC) Bank and National Development Bank PLC wish to reiterate that there have been no definite decisions on any aspect of consolidation at this stage and wish to assure its shareholders, employees (which in the case of DFCC include those of DFCC Vardhana Bank PLC), the regulatory authorities and the investing public, that they will keep them informed of the progress in this connection as and when necessary. A disclosure filed with the CSE on March 24, 2014.
Bansei Royal Resorts
The 53.7 million ordinary voting shares of Bansei Royal Resorts Hikkaduwa Limited would commence trading from March 27, 2014 and would be classified under the Hotels and Travels sector. These shares would be listed on the Diri Savi Board. A disclosure filed with the CSE on March 24, 2014.
The Board of Directors of Bimputh Finance PLC have resolved to issue shares by way of a Rights Issue of 26.9 million shares in the proportion of one (01) new Ordinary Share for every one (01) existing Ordinary Share held by them at an offer price of Rs.12.50 per share. The funds raised will be utilized for expand its micro credit, hire purchase and lease financing operations. A disclosure filed with the CSE on March 24, 2014.
Commercial Development Company PLC announced the final dividend of Rs.2.00 per share payable as at May 01, 2014, a disclosure filed with the CSE on March 26, 2014.
Richard Pieris and Company PLC announced the second interim dividend of Rs.0.20 per share, payable as at April 01, 2014, a disclosure filed with the CSE on March 24, 2014.
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