Ahoy AGMs

This week heralds the AGMs rush in June with nearly 50 listed companies scrambling to meet the best practices-deadline of holding the annual shareholder engagement before the expiry of three months of 31 March, financial year end.

For a shareholder with multiple holding of stakes the first two days of the week are relatively manageable with only three AGMs slated for Monday and five for Tuesday. But come Wednesday and certainly on Thursday it will be a herculean task. On Wednesday there will be 11 AGMs and 30 June Thursday, the last day of the month will see 24 AGMs. The latter in effect means three AGMs per business hour if one factors in a 9 to 5 office time. Worst is that there will be seven AGMs at the same time of 10 a.m. on Thursday; four AGMs each at 3.30 p.m. and 4 p.m.; three each at 2.30 p.m. and 3 p.m.

In March the Daily FT highlighted the March AGMs season rush with concerns over clash of AGMs but come June there isn’t a breather for shareholders either.

between today and Thursday.

1. Odel at 11 a.m. at Sri Lanka Foundation Institute, Colombo 7.

2. Haycarb at 3 p.m. at 400, Deans Road, Colombo 10

3. Asian Hotels at 3 p.m. at Ceylon Chamber of Commerce, Colombo 2

Tuesday, June 28

1. Trans Asia Hotel at 9.30 a.m. at Cinnamon Lakeside, Colombo 2

2. The Lighthouse Plc at 10 a.m. at Secretariat Restaurant, BMICH, Colombo 7

3. Hotel Services at 10 a.m. at Ceylon Continental, Colombo 1

4. Nawaloka Hospitals at 10 a.m. at Auditorium, Level 22, HNB Towers, Colombo 10

5. Dipped Products at 3 p.m. 400, Deans Road, Colombo 10.

Wednesday, June 29

1. Aitken Spence Plc at 10 a.m. at Auditorium, Institute of Chartered Accountants, Colombo 7

2. John Keells Plc at 10 a.m. at HR Auditorium JKH, Glennie Street, Colombo 2

3. United Motors at 10.30 a.m. at Hotel Renuka, Colombo 3

4. Tea Small Holder Factories at 11.30 a.m. HR Auditorium, JKH, Glennie Street, Colombo 2

5. Aitken Spence Hotels Holdings at 10.45 a.m. at Auditorium, Institute of Chartered Accountants, Colombo 7

6. Vallibel Power Erathna at 11.30 a.m. at Ceylon Continental, Colombo 1

7. Ceylon Investments at 2 p.m. at Taj Samudra Hotel, Colombo 3

8. Hayleys Plc at 3 p.m. at Ceylon Continental, Colombo 1

9. John Keells Hotels at 3 p.m. at JKH Staff Dining Room, Glennie Street, Colombo 2

10. Printcare Plc at 3 p.m. at Nungamugoda Road, Kelaniya

11. Ceylon Guardian Investments at 3.30 p.m. at Taj Samudra Hotel, Colombo 3

Thursday, June 30

9 a.m. SMB Leasing at Sasakawa Hall, 22nd Lane, Colombo 3

9 a.m. CIC Holdings at 9th Floor, Commercial Bank Building, Union Place, Colombo 2

10 a.m. DFCC Bank at Cinnamon Grand, Colombo 3

10 a.m. Kegalle Plantations at 310, High Level Road, Nawinna

10 a.m. PC House at Cinnamon Lakeside, Colombo 2

10 a.m. Chemanex Plc at 9th Floor, Commercial Bank Building, Union Place, Colombo 2

10 a.m. Citizen Development Business Finance at Hotel Ramada, Colombo 3

10.30 a.m. LB Finance at Prof. Stanly Wijesundera Mw, Colombo 7

11 a.m. Maskeliya Plantations at 310, High Level Road, Nawinna

11 a.m. Mercantile Investments at 236, Galle Road, Colombo 3

12 Noon Namunukula Plantations at 310, High Level Road, Nawinna

2 p.m. Nuwara Eliya Hotels at Hotel Renuka, Colombo 3

2 p.m. Ceylon Cold stores at HR Auditorium, JKH, Glennie Street, Colombo 2

2.30 p.m. Carson Cumberbatch at Taj Samudra, Colombo 3

2.30 p.m. People’s Leasing Finance at People’s Bank Staff Training College Auditorium, D.R. Wijewardena Mw, Colombo 10

2.30 p.m. DIMO at 65, Jetawana Road, Colombo 14

3 p.m. Richard Pieris Exports at 310, High Level Road, Nawinna

3 p.m. Ceylon Hospitals at Durdans Auditorium, Alfred Place, Colombo 3

3.30 p.m. Hemas Holdings at Ceylon Chamber of Commerce, Colombo 2

3.30 p.m. Keells Foods at HR Auditorium, JKH, Glennie Street, Colombo 2

4 p.m. Richard Pieris and Company at 310, High Level Road, Nawinna

4 p.m. Hunter & Company at Restaurant, BMICH, Colombo 7

4 p.m. Kotagala Plantations at Grand Oriental Hotel, Colombo 1

4.30 p.m. Bukit Darah at Taj Samudra, Colombo 3