InsureMe Insurance Brokers proposes 100-for-1 share subdivision

Thursday, 12 November 2026 00:03 - - {{hitsCtrl.values.hits}}

InsureMe Insurance Brokers PLC has proposed a 100-for-1 subdivision of its ordinary shares, which would increase the number of issued shares to 205.53 million from the current 2.05 million, without changing the company’s stated capital.

The company said its Board of Directors had resolved to recommend the proposed subdivision to shareholders.

Under the proposal, each existing ordinary share will be subdivided into 100 ordinary shares, increasing the total number of issued shares from 2,055,290 to 205,529,000.

The company’s stated capital of Rs. 111.39 million will remain unchanged following the subdivision.

The proposed share subdivision is subject to the concurrence of the Colombo Stock Exchange and shareholder approval through an ordinary resolution at an Extraordinary General Meeting (EGM).