People’s Leasing and Finance and People’s Bank (joint offerors) have acquired a total of 6,461,543 ordinary shares at a price of Rs. 22.00 per share representing 9.57% of the voting rights in People’s Merchant Finance PLC (PMF).
Consequent to the aforesaid purchase of ordinary voting shares, the Joint Offerrors own 32,921,519 voting shares (48.77%) of PMF and as a result the Joint Offerors will be making a Mandatory Offer to the remaining shareholders of PMF.
In compliance with the provisions of the code, People’s Leasing and Finance and People’s Bank will make a detailed announcement on the proposed offer shortly.
www.dailynews.lk
Consequent to the aforesaid purchase of ordinary voting shares, the Joint Offerrors own 32,921,519 voting shares (48.77%) of PMF and as a result the Joint Offerors will be making a Mandatory Offer to the remaining shareholders of PMF.
In compliance with the provisions of the code, People’s Leasing and Finance and People’s Bank will make a detailed announcement on the proposed offer shortly.
www.dailynews.lk
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