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Sri Lanka’s Equity One to delist, offers Rs77.50 per share

ECONOMYNEXT – Sri Lankan property firm Equity One PLC said it plans to delist its shares from the Colombo Stock Exchange offering to pay 77.50 rupees for a share which last traded at 48.70 rupees.

A stock exchange filing said the delisting proposal was pending shareholder and regulatory approvals and that the firm will call an extraordinary general meeting of shareholders to vote on the decision.

It said Equity One has made arrangements with its parent, Carson Cumberbatch PLC, which holds a 96.28 per cent stake, to buy out other shareholders who wish to sell. (Colombo/November 02 2015)

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