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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sell LOFC Buy CLC strategy - CLC Profit ⬆︎ 1,058% 3M Sep 21

Sell LOFC Buy CLC strategy - CLC Profit ⬆︎ 1,058% 3M Sep 21

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kanishkaecomm

kanishkaecomm
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

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kanishkaecomm

kanishkaecomm
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

5.2.2 Use of Proceeds



The funds raised through the Debenture Issue will be utilized to part-finance the acquisition of LOLC Holding PLC’s equity stake in LOLC Development Finance (“NIFL”) within 1 month from the date of allotment. As of the date of the prospectus, LOLC Holdings PLC has a 55.55% stake in NIFL.

The purchase price for the share transfer of NIFL would be the latest market price of NIFL shares as per the requirement of SEC in its in-principle approval. The share transfer shall be executed at the last traded price at the point of the share transfer.



- LOLC CEYLON HOLDING LIMITED – DEBENTURE ISSUE 2021
Sell LOFC Buy CLC strategy - CLC Profit ⬆︎ 1,058% 3M Sep 21 Screen55

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sell LOFC Buy CLC strategy - CLC Profit ⬆︎ 1,058% 3M Sep 21

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