Distilleries makes further announcement on share swap

Tuesday, 23 August 2016 00:01 - - {{hitsCtrl.values.hits}}

The Distilleries Company of Sri Lanka (DIST) announced that shareholders in the register of DIST at the end of trading on 30 September 2016 would be entitled to the allotment of four voting ordinary shares of Melstacorp for every one DIST share held.

The decision is subject to the special resolution being passed by shareholders at the Extraordinary General Meeting (EGM) convened for 6 September 2016. The company also announced that trading in DIST shares would be suspended from 3 October 2016 until the public float in DIST was restored.