COLOMBO, 03 September 2026 – Ceylon Guardian Investment Trust PLC (CSE: GUAR) has announced a revision to the commencement and closing dates of its previously announced share repurchase offer, providing updated details crucial for its shareholders. The announcement, made to the Colombo Stock Exchange (CSE) on 02 September 2026, confirms the final repurchase price and proportions for both Ordinary and Deferred shares, while pushing back the offer period to later in September.
The strategic share repurchase program, initially disclosed on 23rd July 2026, aims to repurchase a significant number of shares from the market, offering liquidity and potentially enhancing shareholder value. While the core details of the repurchase remain consistent, investors are urged to note the adjusted timeline for participation.
Key Repurchase Details Confirmed
Ceylon Guardian Investment Trust PLC has finalised the specifics of the repurchase offer:
- Maximum Number of Shares to be Repurchased:
- Ordinary Shares: 1,510,529
- Deferred Shares: 105,609
- Price per Share: Rs.406/43 for both Ordinary and Deferred Shares. This price has been determined based on the Net Asset Value (NAV) of Ceylon Guardian Investment Trust PLC as at 31st March 2026.
- Proportion for Repurchase:
- 1 Ordinary Share for every 53 Ordinary Shares held.
- 1 Deferred Share for every 53 Deferred Shares held.
- Total Value of Share Repurchase (net of WHT 15%):
- Ordinary Shares: Rs.613,924,301/47
- Deferred Shares: Rs.42,922,665/87
Revised Offer Period for Shareholders
The most significant update concerns the revised dates for the repurchase offer. The proposed Offer Period, which was initially scheduled to commence on 02nd September 2026, will now begin on 22nd September 2026. Shareholders should mark the following critical dates:
- Record Date (The Entitlement Date): Friday, 11th September 2026
- Date of Dispatch of Offer Document and Forms of Acceptance (Entitlement and Additional): Monday, 21st September 2026
- Revised Offer Period:
- Offer Opening: Tuesday, 22nd September 2026
- Offer Closing: Tuesday, 13th October 2026
- Latest Date by which Payment is Due to a Shareholder: On or before Tuesday, 27th October 2026
The company, through its Secretaries Carsons Management Services (Private) Limited, emphasized that this announcement serves as a critical update to ensure all stakeholders are aware of the adjusted timeline. Shareholders intending to participate in the repurchase offer are advised to carefully review the offer document once dispatched and adhere to the revised deadlines.
This share repurchase initiative by Ceylon Guardian Investment Trust PLC reflects its ongoing commitment to managing capital effectively and providing value to its investors within the dynamic Sri Lankan capital market.
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