Colombo indices moved up with blue chip stocks.
Colombo All Share Index was up by 26.74 points to close at 18.68.65 while MPI gained 33.86 points to close at 2009.22. Turnover was Rs 297.7 million. Most of fundamentally sound stock such as Ceylon Tobacco, John Keells Holdings, and Distilleries reported gains today.
There were 83 gainers & 29 losers during the day.
Announcements
05-May-2009 MANDATORY OFFER BY JOHN KEELLS HOLDINGS PLC TO PURCHASE ALL THE REMAINING ORDINARY SHARES OF UNION ASSURANCE PLC – John Keells Holdings PLC
The Company has made further the announcement to the CSE “Further to the Mandatory Offer made by John Keells Holdings PLC to the Shareholders of Union Assurance PLC (UAL) by the OFFER DOCUMENT of John Keells Holdings PLC dated 26th March 2009 and the announcement made on 17th April 2009 regarding the extension of the Offer, it is hereby announced that,1. The Mandatory Offer made by John Keells Holdings PLC expired on 4th May 2009,2. In terms of Rule 24 of the Company Take-overs & Mergers Code we give below the total number of shares (as nearly as practicable) a) For which acceptances of the Offer have been received as at 4th May 2009 943,918 ordinary shares representing 2.52% of the Stated Capital of UAL b) Held by John Keells Holdings PLC and parties acting in concert (namely its subsidiaries) before the Offer Period (i) John Keells Holdings PLC – 25,275,051 ordinary shares representing 67.40% of the Stated Capital of UAL(ii) Whittal Boustead (Travel) Limited – 2.776,309 ordinary shares representing 7.40% of the Stated Capital of UAL(iii) Mackinnon and Keells Financial Services Ltd – 1,246,169 ordinary shares representing 3.32% of the Stated Capital of UALc) Acquired or agreed to be acquired during the Offer Period – Nill
05-May-2009 AMENDMENT TO CSE HOLIDAY LIST – 2009
Please note that 15th May 2009 will be a half day and not a full day holiday as indicated in the CSE Holiday List of 2009.Trading will commence at 9.00 am with pre open and the market will be closed at 12 noon on 15th May 2009.
04-May-2009 The following Companies have released their Quarterly Financial Reports for the year ended 31st March 2009 to the CSE.
Released to the market on 04.05.2009 – HASUReleased to the market on 30.04.2009 – UAL, MBSLReleased to the market on 29.04.2009 – PABCReleased to the market on 27.04.2009 – CTC
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