LB Finance makes Rs. 5.6 b voluntary offer for Associated Motor Finance shareholders

Tuesday, 21 October 2025 05:54 - - {{hitsCtrl.values.hits}}

LB Finance PLC said it has made a voluntary offer worth approximately Rs. 5.6 billion to acquire all 113,327,268 ordinary voting shares of Associated Motor Finance PLC (AMF).

The offer represents 100% of AMF’s issued share capital, with LB Finance offering Rs. 50 per share.

John Nalatha Dayawansa, who holds 45,273,864 shares (39.95%), and Imperial Import and Export Company Ltd., which holds 29,067,696 shares (25.65%), have agreed to accept the offer in full, the company said.

The Securities and Exchange Commission of Sri Lanka has granted approval for the voluntary offer.

AMF closed Friday at Rs. 81 per share. The company reported a net asset value per share of Rs. 39.91 as of end September 2025.

As at end of September 2025, the public holding amounted in AMF to 31.17% with 2,524 shareholders as against 1,650 a year ago.