Business figure Dhammika Perera-led consortium had almost got an acceptance for only 0.1% of Hayleys. Perera increased his stake in Hayleys to over 30% along with Royal Ceramics in early March, triggering the mandatory code.
In a filling to the stock exchange, Hayleys PLC said that further to the mandatory offer made by Dhammika Perera and Royal Ceramics PLC, it has received complete acceptance for 30,259 (0.05%) shares and a further incomplete acceptance for 21,164 (0.04%) shares of the company.
The notice also said that Dhammika Perera-led consortium including Royal Ceramics Lanka PLC (RCL) held 2.949 million shares of Hayleys (3.93%), and Dhammika Perera held 19 million shares of Hayleys (25.33%) and LB Finance PLC (LFIN) held 547,866 shares of Hayleys (0.73%) prior to mandatory offer.
Dhammika and Royal Ceramics Plc (RCL) collectively triggered the mandatory code for Hayleys in January, and it was believed that Dhammika is trying to acquire 51% stake in Hayleys.
The mandatory offer price by Dhammika and RCL was Rs.380 per share, whilst the Independent Advisor report obtained by the Hayleys board recently said this mandatory offer price was ‘unattractive’
source - www.dailymirror.lk
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