Prime Lands Residencies’ Virtual Investor Forum on IPO today

Wednesday, 28 April 2021 00:15 - - {{hitsCtrl.values.hits}}

Prime Lands Residencies, the condominium property arm of Prime Group, will hold the first-ever Virtual Investor Forum for its upcoming Initial Public Offering (IPO) today via Zoom from 4 p.m. onwards.

The company is extending its invitation to investors and market participants. With a commitment to bring the best value to all its stakeholders, the Virtual Investor Forum will uncover greater details of the IPO and ensure that their satisfaction is parallel to the growth of Prime Lands Residencies and the Prime Group.

Attendees and other interested parties can now register for the organisation’s IPO via the micro site at www.ipo.primeresidencies.lk or give a missed call to 1353 to view the IPO Prospectus and relevant applications.

Prime Lands Residencies via the IPO will issue 100 million ordinary voting shares, with an option to issue a further 87.5 million ordinary voting shares via an offer for subscription at Rs. 10.40 per share.

By collaborating with Acuity Partners Ltd., the sole manager and financial advisor to the IPO, Prime Lands Residencies now provides an opportunity for investors to subscribe to the IPO, further allowing them to benefit from the impressive real estate growth that the industry faces today. The IPO will take place on 11 May.

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