Colombo, Sri Lanka – 17 September 2026 – Digital Mobility Solutions Lanka PLC (CSE: DMSL) has announced significant share dealings by one of its directors, Mr. R.H. Gunewardene, a Non-Independent, Non-Executive Director. The transactions, involving the sale of over 51,000 company shares, took place on 16 September 2026 and were formally disclosed to the Colombo Stock Exchange (CSE) today, 17 September 2026.
Details of the Share Transactions
According to the disclosure submitted by S S P Corporate Services (Private) Limited, the company’s Corporate Secretaries, Mr. Gunewardene executed multiple sale transactions of Digital Mobility Solutions Lanka PLC shares on the market. A total of 51,687 shares were sold across five distinct dealings, with transaction prices ranging from Rs 155.00 to Rs 156.00 per share.
The individual transactions recorded on 16 September 2026 are as follows:
- 47,309 shares sold at Rs 155.00
- 3,201 shares sold at Rs 155.25
- 477 shares sold at Rs 155.50
- 10 shares sold at Rs 155.75
- 690 shares sold at Rs 156.00
These transactions collectively amount to approximately Rs 8,013,306.25, reflecting a notable divestment by the director.
Compliance and Market Transparency
This disclosure was made in strict accordance with Section 7.8 (c) of the Listing Rules of the Colombo Stock Exchange, which mandates the reporting of dealings by directors and connected parties. Such regulations are crucial for maintaining transparency in the market and keeping investors informed about movements in company stock by key personnel.
The Board of Directors of Digital Mobility Solutions Lanka PLC was formally notified of these transactions on 17 September 2026, aligning with the official announcement to the CSE. While regulatory filings confirm the occurrence and details of director dealings, specific motivations behind such transactions are not typically provided.
Investors often monitor director dealings closely, as they can sometimes offer insights into a director’s perception of the company’s current valuation or future prospects, though a myriad of personal financial reasons can also drive such decisions.
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