Colombo, 03 September 2026 – Ceylon Investment PLC (CINV), a prominent entity on the Colombo Stock Exchange (CSE), has announced a revision to the dates of its previously disclosed share repurchase offer. The company informed the CSE yesterday, 02nd September 2026, that the proposed offer period, originally slated to begin on the same date, will now commence on 22nd September 2026.
The update follows the initial announcement made on 23rd July 2026, detailing the company’s intention to repurchase its ordinary shares. This adjustment in the timeline is crucial for shareholders and potential investors to note as they plan their engagements with the offer.
Key Details of the Repurchase Offer
Ceylon Investment PLC’s repurchase offer outlines the following core specifics, reaffirming the terms previously communicated:
- Maximum Number of Shares to be Repurchased: 1,800,014 ordinary shares
- Repurchase Price per Share: Rs. 203.33
- Proportion of Repurchase: 1 Ordinary Share for every 54 Ordinary Shares held
- Total Value of the Share Repurchase: Rs. 365,996,846.62
The determined repurchase price of Rs. 203.33 per share is based on the Net Asset Value (NAV) of Ceylon Investment PLC as at 31st March 2026.
Revised Repurchase Offer Timeline
The revised schedule for the share repurchase offer, crucial for shareholders to note, is as follows:
- Record Date (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
A share repurchase program typically signifies a company’s commitment to returning value to its shareholders, often indicating a belief that the company’s shares are undervalued or as a means to improve earnings per share by reducing the number of outstanding shares. Investors holding Ceylon Investment PLC shares are advised to review the official announcement and the forthcoming offer document for comprehensive details and to understand the implications of this revised timeline.
The announcement was issued by Ms. Natasha Selvaratnam, President – Group Company Secretarial, Carsons Management Services (Private) Limited, on behalf of Ceylon Investment PLC.
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