People’s Merchant Bank Acting CEO/Managing Director Govindasamy Ramanan would be announcing a mandatory offer for Industrial Asphalts (Ceylon) PLC.
This was announced to the Colombo Stock Exchange on Friday after Capital Trust Financial stated that Mr. Ramanan had bought 440, 914 shares of Industrial Asphalts on Thursday amounting to 66.15 per cent of the voting shares in issue.
This resulted in Mr. Ramanan’s stake increasing to 66.32 per cent of the voting shares in issue. Shares were bought at Rs.201 per share.
Mr. Ramanan making the announcement stated that he would be making the mandatory offer at an offer price of Rs.201 per share. Capital Trust Financial would be the managers to the offer.
A corporate financial professional, Mr. Ramanan is currently the Managing Director / CEO of Capital Trust Financial and Capital Trust Wealth Management. (SD)
This was announced to the Colombo Stock Exchange on Friday after Capital Trust Financial stated that Mr. Ramanan had bought 440, 914 shares of Industrial Asphalts on Thursday amounting to 66.15 per cent of the voting shares in issue.
This resulted in Mr. Ramanan’s stake increasing to 66.32 per cent of the voting shares in issue. Shares were bought at Rs.201 per share.
Mr. Ramanan making the announcement stated that he would be making the mandatory offer at an offer price of Rs.201 per share. Capital Trust Financial would be the managers to the offer.
A corporate financial professional, Mr. Ramanan is currently the Managing Director / CEO of Capital Trust Financial and Capital Trust Wealth Management. (SD)
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