Tuesday Feb 03, 2026
Tuesday Feb 03, 2026
Tuesday, 3 February 2026 02:10 - - {{hitsCtrl.values.hits}}
Galle Face Capital Partners PLC has announced a subdivision of its issued ordinary shares, following a resolution passed by its Board of Directors at a meeting held on 31 January.
The existing 29,582,029 issued ordinary shares will be subdivided by dividing each ordinary share into four ordinary shares. Upon completion of the subdivision, the total number of issued ordinary shares of the company will increase to 118,328,116.
The company has stated that the subdivision will not result in any change to its stated capital, which amounted to nearly Rs. 650 million as of end-December 2025.
The company’s Articles of Association permits the subdivision of shares without shareholder approval. Galle Face Capital Partners said the effective date of the share subdivision will be informed to the Colombo Stock Exchange (CSE) in due course.
The share price of Galle Face Capital Partners closed up Rs. 22 at Rs. 128 on over a million shares traded for a turnover of over Rs. 138.8 million. The company reported net assets of Rs. 97.68 per share as of end-December 2025. The public float was at 29.99% in voting shares held by over 500 shareholders.
Ceylon Land & Equity PLC was the top shareholder at 27.76%, followed by Shaw Wallace & Hedges (23.88%), Almas Holdings (11.99%), Renuka Holdings (4.97%), M.A.K.B. Herath (2.01%), and K.L. Yeoh (1.86%).
