Colombo, Sri Lanka – 02 October 2026 – First Capital Treasuries PLC (FCT) today announced the details of a relevant interest in its shares held by Mr. Ramesh Schaffter, who recently resigned from his position as a Non-Independent Non-Executive Director of the company. This disclosure, made in compliance with the Colombo Stock Exchange (CSE) Listing Rules, provides transparency regarding his indirect shareholding.
Director’s Resignation and Effective Date
In an official communication to the Chief Regulatory Officer of the Colombo Stock Exchange, First Capital Treasuries PLC confirmed Mr. Schaffter’s resignation. His tenure as a Non-Independent Non-Executive Director concluded with effect from 1st October 2026. This announcement follows a prior letter dated 30th September 2026, which likely communicated the initial resignation notice.
Details of Relevant Interest in Shares
As per Rule 7.8(b) of the CSE Listing Rules, companies are required to disclose any “relevant interest” in shares held by directors. First Capital Treasuries PLC detailed Mr. Schaffter’s interests in the following manner:
- Through First Capital Limited: Mr. Schaffter holds a relevant interest by virtue of being a Director of First Capital Limited. This entity holds a substantial 550,093,968 shares in First Capital Treasuries PLC, establishing a significant indirect connection.
- Through Ultimate Parent and Holding Companies: Mr. Schaffter also maintains a relevant interest as a Director and Shareholder of Janashakthi PLC, which is identified as the ultimate parent company. Furthermore, he is a Director and Shareholder of Schaffters (Pvt) Ltd, the ultimate holding company, further solidifying his indirect stake.
Commitment to Transparency
The announcement, signed by Ms. Heidy Seneviratne, Company Secretary for First Capital Treasuries PLC, underscores the company’s commitment to adhering to regulatory requirements and maintaining transparency with the market and its stakeholders. Such disclosures are crucial for investor confidence and market integrity on the Colombo Stock Exchange.
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