Colombo, Sri Lanka – 11 September 2026
CEYLON LAND & EQUITY PLC (CSE: CLE), a long-established entity in the Sri Lankan corporate landscape, has formally announced its plan to list up to 4,553,230 new ordinary shares. This significant development will be facilitated through a scrip dividend for the financial year ended 31st March 2026, following in-principle approval granted by the Colombo Stock Exchange (CSE).
The announcement, made on 10th September 2026, outlines the key dates pertinent to this dividend distribution, offering shareholders the opportunity to opt for new shares in the company instead of a cash payout.
Important Dates for Shareholders
In a communication to the Chief Regulatory Officer of the Colombo Stock Exchange, the company confirmed the following critical dates for its First & Final Dividend for the financial year ended 31st March 2026:
- Annual General Meeting (AGM): The AGM, where shareholder approval for the dividend is expected to be sought, is scheduled for 23rd September 2026.
- Ex-Dividend (XD) Date: Subject to the necessary shareholder approval at the AGM, the Ex-Dividend date will be 24th September 2026. Shareholders purchasing shares on or after this date will not be entitled to the dividend.
- Record Date: The Record Date, which determines the eligibility of shareholders to receive the dividend, is set for 25th September 2026.
CEYLON LAND & EQUITY PLC also confirmed that the Company’s share register will not be closed for the payment of this particular dividend, streamlining the process for investors.
Understanding the Scrip Dividend
A scrip dividend provides shareholders with the option to receive newly issued shares of the company in lieu of a cash dividend. This mechanism allows companies to conserve cash, strengthen their capital base, and offer shareholders a way to increase their stake in the company without incurring transaction costs for reinvestment. For CEYLON LAND & EQUITY PLC, established in 1958, this move signifies a strategic approach to capital management while rewarding its investor base.
Investors and market participants are encouraged to take note of these dates and the implications of the scrip dividend as CEYLON LAND & EQUITY PLC progresses with this corporate action, impacting the Sri Lankan stock market.
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