Mr. Renuka Wijayawardhane Chief Regulatory Officer, Colombo Stock Exchange (CSE), No. 04 – 01, West Block, World Trade Centre, Echelon Square, Colombo 01.
MTD WALKERS PLC (“THE ENTITY”) CORPORATE DISCLOSURE IN TERMS OF SECTION 8 OF THE LISTING RULES OF THE COLOMBO STOCK EXCHANGE (CSE)
We write to communicate to you that Lakma Holdings (Private) Limited has agreed with MTD Capital BHD of Malaysia (the major shareholder of the Entity), to purchase their shareholding of 152,183,583 shares, in entirety, which constitutes 90.78% of the issued shares of the Company subject to a legal due diligence and a financial due diligence by two independent expert firms appointed by Lakma Holdings (Private) Limited, and the Share Sale & Purchase Agreement (SSPA) dated 20th August 2020 has been executed subject to the said due diligence by and between MTD Capital BHD of Malaysia and Lakma Holdings (Private) Limited in support of this purchase.
Yours faithfully, BY THE ORDER OF THE BOARD
Ms. P. S. Attygalle, Company Secretary