Investor and business figure Dhammika Perera-led consortium announced a mandatory offer for Hayleys for the second time after he upped his stake in Hayleys from 30 to 41 percent on September 1.
The price offered per share was Rs.380. According to the announcement by Perera, he now controls 40.7 percent or 30.5 million shares of Hayleys.
He personally holds nearly 35 percent of the shares while Royal Ceramics, which is acting in concert with him in the offer, has 5 percent. Vallibel One, of which Perera is the Chairman has 1.2 percent in Hayleys and LB Finance another company controlled by Perera has 0.002 percent.
In the earlier mandatory offer by the same was accepted by a very few shareholders representing only 0.1 percent of the remaining shares.
Further, both the Hayleys director board and the Independent Advisors’ Report ruled out that the mandatory offer price offered by Royal Ceramics Plc (RCL) and Dhammika Perera is not ‘attractive’. The price offered for a share was Rs.380.
source - www.dailymirror.lk
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