LB Finance revises AMF acquisition offer timeline as SEC grants extension

Monday, 17 November 2025 00:12 - - {{hitsCtrl.values.hits}}

LB Finance PLC has announced a revised timeline for its voluntary offer to acquire Associated Motor Finance Company PLC (AMF), following an extension granted by the Securities and Exchange Commission of Sri Lanka (SEC).

LB Finance said the SEC has allowed AMF an additional four calendar days from 10 November 2025 to circulate the Independent Advisor’s Report and the AMF Board’s views, comments and advice on the offer to shareholders. The Independent Advisor’s Report and the Board’s recommendations was set to be dispatched to shareholders on 14 November 2025.

The closing date of the offer has been extended to 4:30 p.m. on 24 November 2025. LB Finance noted that all other terms and conditions set out in the Offer Document issued on 27 October 2025 remain unchanged.

The offer forms part of LB Finance’s move to acquire AMF, a long-standing finance company with a significant presence in the motor finance segment.