Ashok accepts Asiri Hospital mandatory offer

Asiri Surgical Hospital Plc (ASH) Chairman and Managing Director Ashok Pathirage has accepted the mandatory offer of Asiri Hospital Holdings at Rs. 9.50 per share.

The stake in ASH sold by Pathirage amounted to 1.033 million shares. Pathirage’s main entity Softlogic Holdings continue to own over 6% stake in ASH in addition to around 26% stake in parent Asiri Hospital Holdings.



The Asiri Hospital’s mandatory offer for ASH shareholders ended last week with shareholders holding 4.93% stake accepting the offer. This increased Asiri’s stake in ASH to 44.5%. ASH has an estimated 2, 600 shareholders.

The date of acceptance of the offer was extended by a week on account of the delay in the Independent Advise to shareholders of ASH.

The offer follows Asiri buying 10% stake or 52.89 million shares of ASH on 19 October at Rs. 9.50 per share from Sri Lanka Insurance General Fund.

ASH is a subsidiary of Asiri along with Asiri Central Hospitals Plc, Asiri Diagnostic Services Ltd., Asiri Hospital Matara Ltd., Matara Medi House Ltd., Digasiri Medical Services Ltd., and Central Hospital Ltd.