Tuesday, March 20, 2018

Cargills Ceylon shareholders approve resolution for share issue

Cargills Ceylon PLC in a stock exchange filing said that resolution put to Extraordinary General Meeting of the Company for the issue of 32,000,000 shares in the Company by way of Capitalisation of Rs. 6,400,000,000 from and out of reserves of Rs 9,376,937,717 of the Company as at 30 September 30, 2017 in the proportion of one share for every seven shares held as at entitlement date, March 20, 2018, at a consideration of Rs 200 per share was unanimously approved by the shareholders present at the meeting. 

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