Dhammika ups control in Hayleys to 47%

Tuesday, 1 November 2011 01:45 - - {{hitsCtrl.values.hits}}

Business leader Dhammika Perera’s effective control in diversified blue chip Hayleys Plc has increased to 47% or 35.2 million shares now. This was following the acquisition of a further 6.13% stake or 30.6 million shares via the second mandatory offer made by Dhammika which closed on Friday.

Prior to the mandatory offer, at Rs. 380 per share, Dhammika controlled a 40.79% stake comprising 34.5% via personal holding and connected parties Royal Ceramics (5%) and Vallibel One Plc (1.2%) along with LB Finance Plc.

Hayleys’ share price yesterday closed at Rs. 368, down by Rs. 3, whilst last week it gained by Rs. 3.90 to Rs. 371.