Wednesday 16 December 2015

Rights issues by Dankotuwa Porcelain and Ceylon Printers

By Hiran H.Senewiratne

Dankotuwa Porcelain PLC is to raise additional funds through a rights issue of 90,307,178 shares in proportion of five (05) new ordinary shares for every four shares at Rs. 08 per share.

The current stated capital of Dankotuwa Porcelain PLC is Rs. 679,644,223 represented by 72,245,742 shares.

The funds thus raised would be utilized for plant modernization and to settle short term loans.

Meanwhile,Ceylon Printers Plc is to raise Rs 30,008,400 from a rights issue of 25,007 shares. The shares will be allotted in proportion five of new ordinary shares for every seven shares at Rs 1200 per share.

An employees’ share option scheme was announced for three companies, namely, Commercial Bank of Ceylon Plc, Hatton, National Bank Plc and John Keels Holdings Plc. This applies to those companies whose shares have been listed during the period 1st of November to 30th November 2015, consequent to the exercising of options under the employees share option scheme, Colombo Stock Exchange sources said.

At the Commercial Bank, the number of voting shares issued were 96, 810 with a stated capital of Rs 23, 237,036, 069, while Hatton National Bank Plc’s issued number of listing and non listing shares were 87, 570 and 21,555 respectively for a stated capital as at 30th November of Rs 13,596,680,000 and John Keels Holdings number of shares listed were 10,681 for a stated capital of Rs 58,696,606, 123.
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