Colombo, Sri Lanka – 24 August 2026 – Madulsima Plantations PLC (MPL) has formally announced a transaction involving the sale of its shares, made public as per the requirements of Rule 7.8 of the Colombo Stock Exchange (CSE) Listing Rules. The disclosure, officially communicated to the CSE on August 21, 2026, details dealings by directors of the company through an associated entity.
Transaction Details Unveiled
The announcement specifies that a total of 3,548 shares of Madulsima Plantations PLC were sold on August 19, 2026. The transaction was executed at a price of LKR 10.00 per share.
The shares were sold by Stassen Exports (Private) Limited (SEL), an entity with direct links to the board of Madulsima Plantations PLC. The disclosure highlights the common directorships held in both MPL and SEL, ensuring full transparency regarding the parties involved. These directors are:
- Mr. Don Hasitha Stassen Jayawardena – Serving as Chairman for both Madulsima Plantations PLC and Stassen Exports (Private) Limited.
- Mr. Cedric Royle Jansz – Holding the position of Non-Independent Non-Executive Director for both Madulsima Plantations PLC and Stassen Exports (Private) Limited.
The Board of Directors of Madulsima Plantations PLC was duly notified of these sales on August 21, 2026, the same date the official communication was sent to the CSE.
Understanding CSE Listing Rule 7.8
Rule 7.8 of the CSE Listing Rules mandates that listed companies disclose dealings by their directors, including any transactions involving entities in which these directors have a significant interest. This rule is a cornerstone of market integrity, designed to ensure transparency and provide investors with crucial information regarding insider activities that could potentially influence market perceptions or share prices.
Such disclosures are vital for maintaining a level playing field and fostering investor confidence in the Sri Lankan capital market. They allow investors to track significant movements and decisions made by those closest to the company’s operations and strategic direction.
Implications for Investors
While the volume of shares involved in this particular transaction is relatively small, the disclosure underscores Madulsima Plantations PLC’s commitment to adhering to regulatory requirements. For investors, these announcements provide valuable insights into the activities of key company personnel and associated entities, which can be a factor in their investment analysis and decision-making processes.
Madulsima Plantations PLC continues to operate in the competitive plantation sector, and its compliance with CSE regulations reinforces its dedication to good corporate governance and transparent reporting.
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