Regulatory Alerts2013-10-11
Added · Updated
Increase of minimum number of public shareholders on the Diri Savi Board
The Securities and Exchange Commission of Sri Lanka directs the Colombo Stock Exchange to amend Rule 2.1.3 c of its Listing Rules regarding the Diri Savi Board. The amendment establishes a requirement that at least 10% of total shares must be held by a minimum of 200 Public Shareholders at the time of listing. This directive is effective immediately and applies to all methods of listing on the Diri Savi Board.
සි එෂ්රා අර්ධ්යුවෙන් සහ විතිප්රා දැන්මෙන් සඳහා
ඔල්කාල්ය පිළිගැනීම් මාන්ය පිහිටුවා ආදායම් අධිකාරිය
SECURITIES AND EXCHANGE COMMISSION OF SRI LANKA
By Hand
11<sup>th</sup> October 2013
Ref: SEC/LEG/13/10/17
To: The Colombo Stock Exchange
Directive issued under Section 13 (C) of the Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 (as amended)
The Securities and Exchange Commission of Sri Lanka (SEC) after much deliberation and public consultation has decided to increase the minimum number of public shareholders required for listing on the Diri Savi Board.
Therefore the Colombo Stock Exchange is hereby directed to amend Rule 2.1.3 c of the Listing Rules of the Colombo Stock Exchange on the Public Holding requirement on the Diri Savi Board to have a minimum Public Holding of 10% of the total number of shares at the time of listing to be held by a minimum of 200 Public Shareholders.
This directive shall be effective from the date hereof and shall be applicable to all methods of listing on the Diri Savi Board.
Dhammika Perera
Deputy Director General / Officer-in-Charge
aa/sw
28 සහ 29 යෙස, සැලෙල් ඇති
එල්ලෝන් ස්ක්වෙර්, කොළඹ 01.
තැපැල්
+94 011 2439144-8
+94 011 2331013-5
Fax
+94 011 2439149
Level 28 & 29, East Tower
World Trade Center
Echelon Square, Colombo 01, Sri Lanka.
www.sec.gov.lk
www.cmet.sec.gov.lk
www.cmic.sec.gov.lk
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