Lion Brewery announces basis of allocation of debentures

Thursday, 20 June 2013 00:50 - - {{hitsCtrl.values.hits}}

Lion Brewery (Ceylon) (LION) has announced the basis of allotment for its 3.0mn debenture issue at Rs.1,000.00 each, as follows: Category 1 : 100% of debentures applied Category 2 : upto 50,000 debentures – 100% of debentures applied ; between 50,000 to 0.5mn debentures : a minimum allotment of 50,000 debentures plus 41.59% of the balance amount of debentures applied rounded to the nearest 1,000 debentures; 0.5mn debentures and above : a minimum allotment of 50,000 debentures plus 67% of the balance debentures applied rounded to the nearest 1,000 debentures As per the allotment, Rs.1.0bn (33.5% of total debentures) would be allotted under category 1, whilst Rs.2.0bn (66.5% of total debentures) would be allotted under category 2. LION’s Rs. 3 billion debenture issue drew received 24 applications for a cumulative value of Rs.3.96 billion.

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