Over 1.9 million John Keells Holdings shares traded today within price range of Rs 76.00 to 77.75 & closed 1.50 higher at Rs 77.00.

ASI was up by 24.67 points to close at 1893.32 while more liquid Milanka index gained 37.55 points to close at 2046.77. Turnover recorded today was Rs 370.9 million.

Most of blue-chip companies made gains today as investors picking up fundamentally strong shares which may go up first when Bull Run starts.

Distilleries closed 1.50 higher at Rs 80.00 while Sri Lanka Telecom closed 25 cents higher at Rs 39.75. Dialog Telekom closed flat at Rs 5.25.

Announcements at CSE.

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 the following 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 – NilThe figures set out under paragraph 2 (a) above are subject to any acceptances that may be received by mail today.”

*****With eToro Open Book you can Trade Forex Like a Highly Experienced Trader*****

Filed under: Uncategorized

Like this post? Subscribe to my RSS feed and get loads more!