The Distilleries Company of Sri Lanka PLC(DCSL PLC ) informed that due to deviation with regard to the previous approval obtained from the Securities and Exchange Commission of Sri Lanka (SEC), it has made an additional submission to the SEC further to its off the floor transfer application made on February 23, 2018, together with appropriate undertakings.
It is the expectation of the company that the suspension on the trading of its shares will be lifted pursuant to receipt of the approval for the off the floor transfer and subsequent transfer of shares.
Accordingly, DCSL PLC has given an undertaking to the SEC that it will comply with the requirements as per the directive no SEC/LEG/16/11/13 of November 17, 2016, within a time frame agreed with the SEC. A failure to comply with the said regulatory requirements by the company would result in the suspension of the trading of the shares of DCSL PLC.
0 comments: