That the Board of Directors of Asian Alliance Insurance PLC have resolved, subject to shareholder approval, at a general meeting and any other regulatory approvals (if any) to subdivide its ordinary shares in the ration of One (01) existing ordinary share into Ten (10) subdivided ordinary shares so that the existing thirty seven million five hundred thousand (37,500,000) shares will be subdivided into three hundred seventy five million (375,000,000) new ordinary shares, there being no change to the stated capital of the company.
Article 62 of the Articles of Association of the Company specifically states that 'The company may, by ordinary resolution, sub-divide its shares.'
The increase in the number of ordinary shares by way of subdivision is subject to shareholder approval at a general meeting of the company.
www.ceylontoday.lk
Article 62 of the Articles of Association of the Company specifically states that 'The company may, by ordinary resolution, sub-divide its shares.'
The increase in the number of ordinary shares by way of subdivision is subject to shareholder approval at a general meeting of the company.
www.ceylontoday.lk
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