Colombo, Sri Lanka – 25 September 2026 – Digital Mobility Solutions Lanka PLC (DMSL) has announced that one of its Non-Independent, Non-Executive Directors, Mr. R H Gunewardene, has sold a significant quantity of shares in the company. The transactions, which took place on 24th September 2026, were disclosed to the Colombo Stock Exchange (CSE) today, 25th September 2026, in compliance with regulatory requirements.
Details of the Share Transactions
According to the official disclosure made by S S P Corporate Services (Private) Limited, the Corporate Secretaries for Digital Mobility Solutions Lanka PLC, Mr. Gunewardene executed two separate sale transactions on the same day. The total value of these sales exceeds Rs 37 million, signaling a notable movement by a board member.
The particulars of the share disposals are as follows:
- Transaction Date: 24th September 2026
- First Transaction:
- Quantity: 240,434 shares
- Price per Share: Rs 155.00
- Transaction Type: Sale
- Second Transaction:
- Quantity: 556 shares
- Price per Share: Rs 155.25
- Transaction Type: Sale
The total number of shares sold amounts to 240,990 shares, with a combined value of approximately LKR 37,353,488. The Board of Directors of Digital Mobility Solutions Lanka PLC was formally notified of these transactions on 25th September 2026.
Regulatory Compliance and Market Transparency
This disclosure was made pursuant to Section 7.8 (c) of the Listing Rules of the Colombo Stock Exchange, which mandates the reporting of dealings by directors in the shares of their respective companies. Such announcements are crucial for maintaining transparency and informing the wider investment community about significant movements in director holdings.
Movements in director shareholdings are often closely monitored by investors as they can sometimes be interpreted as an indication of insider confidence or strategic financial decisions. While the reasons behind Mr. Gunewardene’s share sale have not been specified in the announcement, the timely disclosure ensures that all market participants have access to the same information, fostering a fair and orderly market.
Digital Mobility Solutions Lanka PLC, a company actively involved in providing innovative digital solutions for the mobility sector in Sri Lanka, continues to adhere to the highest standards of corporate governance and regulatory compliance through such disclosures.
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