Adam Investments Ltd has increased its stake in PCH Holdings PLC to 53.51%, following the latter's mandatory offer.
Prior to the mandatory offer, Adam Investments had 108,248,291 ordinary shares of PCH Holdings PLC amounting to around 42.96% of the equity.
Following Adam Investment's acquisition of 20 million shares in PCH Holdings PLC it will hold 53.51% of the shares of PCH Holdings PLC. These shares were purchased on the trading floor of the Colombo Stock Exchange between 21 July and 26 December 2014, for which acceptance has been received as of 26 December, and where a total of 4,935,285 shares have been completed and a further 1,661,697 have been completed and with the approval of the Colombo Stock Exchange for the transfer of the shares accepted to Adam Investments.
www.ceylontoday.lk
Prior to the mandatory offer, Adam Investments had 108,248,291 ordinary shares of PCH Holdings PLC amounting to around 42.96% of the equity.
Following Adam Investment's acquisition of 20 million shares in PCH Holdings PLC it will hold 53.51% of the shares of PCH Holdings PLC. These shares were purchased on the trading floor of the Colombo Stock Exchange between 21 July and 26 December 2014, for which acceptance has been received as of 26 December, and where a total of 4,935,285 shares have been completed and a further 1,661,697 have been completed and with the approval of the Colombo Stock Exchange for the transfer of the shares accepted to Adam Investments.
www.ceylontoday.lk
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