Colombo, Sri Lanka – 11 September 2026 – Galle Face Capital Partners PLC (CSE: GFCP) has officially announced its plans to list up to 4,060,278 new ordinary shares, which will be issued to shareholders by way of a scrip dividend for the financial year ended 31st March 2026. This strategic move follows the “in principal” approval granted by the Colombo Stock Exchange (CSE) on 8th September 2026.
Key Dates Set for Shareholders
In a formal communication dated 10th September 2026, addressed to Ms. Nilupa Perera, the Chief Regulatory Officer of the Colombo Stock Exchange, Galle Face Capital Partners PLC provided critical dates pertinent to this scrip dividend:
- Annual General Meeting (AGM): The company’s Annual General Meeting is scheduled for 23rd September 2026. This meeting will include the resolution for shareholder approval of the scrip dividend.
- Ex-Dividend Date (XD Date): Subject to shareholder approval at the AGM, the Ex-Dividend Date has been set for 24th September 2026.
- Record Date: The Record Date, which determines the shareholders eligible for the scrip dividend, will be 25th September 2026.
Shareholders are advised that the company’s share register will not be closed for the processing and payment of this dividend.
Understanding the Scrip Dividend Mechanism
A scrip dividend offers shareholders the option to receive newly issued shares in the company instead of a traditional cash dividend. This method allows companies like Galle Face Capital Partners PLC to retain cash reserves within the business, which can be strategically deployed for future growth, investments, or to strengthen its financial standing. For investors, a scrip dividend provides an opportunity to increase their equity holding in the company, potentially without incurring direct transaction costs associated with purchasing shares through the market.
The “in principal” approval from the CSE indicates that the regulatory body has reviewed the company’s proposal for the scrip dividend and deemed it compliant with listing rules, pending the final endorsement from shareholders at the upcoming AGM.
Galle Face Capital Partners PLC’s Outlook
Galle Face Capital Partners PLC (Company No. PQ 49), a listed entity on the Colombo Stock Exchange, continues to engage in prudent financial management and shareholder reward strategies. The decision to issue a scrip dividend for its first and final dividend for the financial year 2025/2026 underscores its approach to balancing capital allocation with shareholder returns.
All eyes will now be on the Annual General Meeting on 23rd September 2026, where shareholders will cast their votes on this proposal, which will then solidify the timeline for the distribution and subsequent listing of these new shares on the CSE.
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