Ceylinco Insurance PLC, the lead player in the country’s insurance industry in market share terms, is predominantly owned by its employees including its directors, the recently released annual report of the company reveals.
Ceisot (Pvt) Limited (Ceylinco Employees Share Ownership Trust) is the largest shareholder of the company with 22.86% of the voting shares followed by Ceylinco Insurance Employees Gratuity Trust Fund with 9.27% and the Ceylinco Insurance Pension Fund 4.56%.
The Pension Trust Fund of Ceylinco Insurance owns 2.74% while three directors, Dr. W.C.J. Alwis (2.63%), Mr. R. Renganathan (2.63%) and Mr. A.R. Gunawardena (0.62%).
The Gratuity Trust Fund of Ceylinco Insurance (Life Division) owns 0.42%.
Ceisot (Pvt) Limited (Ceylinco Employees Share Ownership Trust) is the largest shareholder of the company with 22.86% of the voting shares followed by Ceylinco Insurance Employees Gratuity Trust Fund with 9.27% and the Ceylinco Insurance Pension Fund 4.56%.
The Pension Trust Fund of Ceylinco Insurance owns 2.74% while three directors, Dr. W.C.J. Alwis (2.63%), Mr. R. Renganathan (2.63%) and Mr. A.R. Gunawardena (0.62%).
The Gratuity Trust Fund of Ceylinco Insurance (Life Division) owns 0.42%.
A related company fund and The Finance Company Employees Medical Fund, owns 0.18% (36,284 shares).
Citizens Development Business Finance PLC, once a member of the Ceylinco group floated in the mid-1990s owns 3.14%.
The company’s former Chairman, Mr. Lalith Kotelawala, individually and jointly with his wife Mrs. S.P.C. Kotelawala, owns 0.27% (54,886 shares).
The second largest shareholder of Ceylinco is Global Rubber Industries (Pvt) Limited with 21.82% while Mr. Prabash Subasinghe connected to that company owns 9.27%.
Among the 20 top shareholders are Global Sea Foods (Pvt) Limited with 3.14%, David Pieris Motor Company 0.23% and DPMC Asset Line Holdings (Pvt) Limited 0.21%.
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Citizens Development Business Finance PLC, once a member of the Ceylinco group floated in the mid-1990s owns 3.14%.
The company’s former Chairman, Mr. Lalith Kotelawala, individually and jointly with his wife Mrs. S.P.C. Kotelawala, owns 0.27% (54,886 shares).
The second largest shareholder of Ceylinco is Global Rubber Industries (Pvt) Limited with 21.82% while Mr. Prabash Subasinghe connected to that company owns 9.27%.
Among the 20 top shareholders are Global Sea Foods (Pvt) Limited with 3.14%, David Pieris Motor Company 0.23% and DPMC Asset Line Holdings (Pvt) Limited 0.21%.
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