Ishara C Nanayakkara, Non-Executive Director and Deputy Chairman of Seylan Bank who represents the material shareholders of the Bank, namely, Brown & Co PLC and LOLC Investments Ltd, tendered his resignation effective 1st of September 2018.
The Board of Directors of the Bank resolved to accept the resignation of Nanayakkara at the Meeting of the Board of Directors held on August 27, 2018, according to a CSE filing.
Nanayakkara is due to complete 9 years on the Board of Directors of Seylan Bank on November 23, 2018 and has cited his increased business commitments and responsibilities for the resignation, approximately three months before his full tenure is completed.
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