Seylan Bank puts off preference shares move

Seylan Bank Board has decided to withdraw the application for listing of preference shares through an introduction.

The original move was to list 3.39 million non-redeemable, non-cumulative, non-convertible and non-voting Preference Shares.

The Bank said the Board resolved to withdraw it pending further deliberation on this matter and pursuit of the most feasible option in relation to the said shares.