Colombo, Sri Lanka – 14 September 2026 – Trans Asia Hotels PLC, a prominent entity listed on the Colombo Stock Exchange (CSE), today announced a director’s share transaction, reinforcing its commitment to transparency and adherence to regulatory requirements. The disclosure, made in accordance with Rule 7.8 of the CSE Listing Rules, pertains to a sale of shares by Mr. N L Gooneratne, a director of the company.
Details of the Transaction
According to the official notification sent to the Chief Regulatory Officer of the Colombo Stock Exchange, Mr. N L Gooneratne sold a total of 1,000 ordinary shares of Trans Asia Hotels PLC. The transaction took place on 11 September 2026, with each share being sold at a price of Rs. 48.50.
The company formally notified its Board of Directors regarding this sale on 14 September 2026, aligning with the stipulated timelines for such disclosures.
Regulatory Compliance and Transparency
The announcement underscores Trans Asia Hotels PLC’s adherence to the CSE’s stringent corporate governance framework, particularly Rule 7.8 of the Listing Rules, which mandates the disclosure of share dealings connected to directors. This regulation ensures that market participants are kept informed of significant transactions involving key management personnel, fostering a fair and transparent trading environment.
Such disclosures are vital for maintaining investor confidence and providing a clear picture of director activities within publicly listed companies. Keells Consultants (Private) Limited, acting as the company secretaries, issued the formal communication to the CSE.
Market Context
While the volume of shares transacted in this particular instance is relatively small, the timely disclosure by Trans Asia Hotels PLC highlights the ongoing emphasis on regulatory compliance within Sri Lanka’s capital market. Investors often monitor director dealings for insights into management’s perception of the company’s value and future prospects, although individual transactions can occur for a variety of personal reasons.
Trans Asia Hotels PLC continues to be an active player in Sri Lanka’s hospitality sector, and its commitment to corporate transparency through disclosures like this remains a cornerstone of its operations on the Colombo Stock Exchange.
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