Wednesday 23 April 2014

87.5% shareholders agree to de-list Asiri Central Hospital

By Mario Andree
Ceylon FT: Majority of shareholders of Asiri Central Hospital PLC., Asiri Hospital Holdings is the major shareholder, have agreed to de-list from the Colombo Stock Exchange and accepted the offer price of Rs 275 per share.

Asiri Central Hospital was one of the first three de-listing announcements since the Colombo Stock Exchange introduced the minimum public float requirement.

Ceylon FT in January (20) reported that many corporates queried how to de-list from the stock exchange when the securities market's watchdog introduced the minimum public float requirement to be listed.

At an Extraordinary General Meeting held recently By Asiri Central Hospital PLC., 87.5% of shareholders have agreed to de-list the company and authorized and empowered the directors and the company secretaries to practise necessary requirements to delist, with modifications deemed fit in the best interest of the company.

The shareholders resolved as a special resolution granted the approval for Asiri Hospital Holdings to purchase shares at Rs 275 per share from stakeholders who wish to divest holdings.

Further, it was also resolved, that the company be re-registered as a public company under the Companies Act of 2007 by the name of Asiri Hospital Central Hospital Limited, through a special resolution.
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