Durdens Hospital proposes four-for-one share split

Wednesday, 7 January 2026 05:21 - - {{hitsCtrl.values.hits}}

Durdens Hospital, or Ceylon Hospitals PLC, yesterday said its Board of Directors has resolved to recommend a subdivision of its ordinary voting and ordinary non-voting shares, subject to regulatory and shareholder approvals.

The decision was taken at a Board meeting held on 6 January. Under the proposal, each existing ordinary voting share will be subdivided into four ordinary voting shares, while each existing ordinary non-voting share will be subdivided into four ordinary non-voting shares.

Following the proposed subdivision, the number of issued ordinary voting shares will increase from 31,762,723 to 127,050,892 shares. The issued ordinary non-voting shares will rise from 10,133,765 to 40,535,060 shares.

The company said there will be no change to its stated capital, which will remain at Rs. 1,778,802,331.50.

The subdivision is subject to the concurrence of the Colombo Stock Exchange and approval by shareholders at an Extraordinary General Meeting. The company’s Articles of Association empower it to subdivide shares by way of an ordinary resolution.

Ceylon Hospitals said further details, including the date of the Extraordinary General Meeting, will be communicated in due course.

Ceylon Hospitals voting shares closed down Rs. 1 yesterday at Rs. 269.75 and the non-voting share gained Rs. 2 to close at Rs. 211.

As at 30 September 2025, the public holding of voting shares was 21.53% and non-voting was 50.16%. The company reported a net assets per share of Rs. 273.17.

Durdens Management Services Ltd. was the top shareholder (voting) at 67.93%. It was also the top non-voting shareholder at 35.41% followed by the Employees’ Provident Fund at 11.39%.