The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
AIA Insurance clarifies its position on minimum public float EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
AIA Insurance clarifies its position on minimum public float EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
AIA Insurance clarifies its position on minimum public float EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
AIA Insurance clarifies its position on minimum public float EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
AIA Insurance clarifies its position on minimum public float EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
AIA Insurance clarifies its position on minimum public float EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
AIA Insurance clarifies its position on minimum public float EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
AIA Insurance clarifies its position on minimum public float EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
AIA Insurance clarifies its position on minimum public float EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
AIA Insurance clarifies its position on minimum public float EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
AIA Insurance clarifies its position on minimum public float EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
AIA Insurance clarifies its position on minimum public float EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
AIA Insurance clarifies its position on minimum public float EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
AIA Insurance clarifies its position on minimum public float EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
AIA Insurance clarifies its position on minimum public float EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
AIA Insurance clarifies its position on minimum public float EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
AIA Insurance clarifies its position on minimum public float EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
AIA Insurance clarifies its position on minimum public float EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
AIA Insurance clarifies its position on minimum public float EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
AIA Insurance clarifies its position on minimum public float EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
AIA Insurance clarifies its position on minimum public float EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
AIA Insurance clarifies its position on minimum public float EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
AIA Insurance clarifies its position on minimum public float EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
AIA Insurance clarifies its position on minimum public float EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
AIA Insurance clarifies its position on minimum public float EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
AIA Insurance clarifies its position on minimum public float EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
AIA Insurance clarifies its position on minimum public float EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
AIA Insurance clarifies its position on minimum public float EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
AIA Insurance clarifies its position on minimum public float EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
AIA Insurance clarifies its position on minimum public float EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
AIA Insurance clarifies its position on minimum public float EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
AIA Insurance clarifies its position on minimum public float EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
AIA Insurance clarifies its position on minimum public float EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
AIA Insurance clarifies its position on minimum public float EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
AIA Insurance clarifies its position on minimum public float EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
AIA Insurance clarifies its position on minimum public float EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
AIA Insurance clarifies its position on minimum public float EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
AIA Insurance clarifies its position on minimum public float EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
AIA Insurance clarifies its position on minimum public float EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
AIA Insurance clarifies its position on minimum public float EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
AIA Insurance clarifies its position on minimum public float EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
AIA Insurance clarifies its position on minimum public float EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
AIA Insurance clarifies its position on minimum public float EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
AIA Insurance clarifies its position on minimum public float EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
AIA Insurance clarifies its position on minimum public float EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
AIA Insurance clarifies its position on minimum public float EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
AIA Insurance clarifies its position on minimum public float EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
AIA Insurance clarifies its position on minimum public float EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
AIA Insurance clarifies its position on minimum public float EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
AIA Insurance clarifies its position on minimum public float EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

    AIA Insurance clarifies its position on minimum public float

    avatar
    Rana
    Top contributor
    Top contributor


    Posts : 1786
    Join date : 2015-12-16

    AIA Insurance clarifies its position on minimum public float Empty AIA Insurance clarifies its position on minimum public float

    Post by Rana Fri Mar 04, 2016 1:24 pm

    (LBO) – AIA Insurance has issued an explanation clarifying its position on minimum public float saying the shortfall is to be rectified complying with the relevant listing rules.

    Existing public holding of the company is 2.84 percent as at the end of last year.

    1,794 public shareholders of the company represent 874,435 shares in the total issued and fully paid up shares of 30,749,370 of the company.

    The company said it received an exemption from the Securities and Exchange Commission in July 2015 on the maintenance of minimum public holding as a continuous listing requirement.

    “The said exemption is valid until 31 December 2016 or until a draft legislation to amend the Regulation of Insurance Industry Act is passed, and the company delists itself from the CSE in pursuance of same, whichever is earlier with the right reserved for the SEC to re-visit the said exemption by 31 December 2016.”

    Several companies have already de-listed and several others have transferred to the secondary Diri Savi Board following the introduction of mandatory public holding rules.

    The SEC introduced the mandatory minimum public float requirement for listed companies following a practice that has already been adopted by a large number of international and regional jurisdictions.

    In addition to increasing liquidity in the market this initiative was also expected to facilitate a better price discovery mechanism.

    Chief Executive Officer at the Colombo Stock Exchange Rajeeva Bandaranaike recently said Sri Lanka’s securities regulator is currently reconsidering the rule as the intention of introducing such rule was not met.

    As per the current minimum public holding rules, there are two ways to get listed on the main board of the Colombo Stock Exchange.

    One option is that a listed entity on the main board should maintain a minimum public holding of 20 percent of its total listed ordinary voting shares in the hands of a minimum of 750 public shareholders.

    Second option is that a market capitalization of 5 billion rupees of its public holding in the hands of a minimum of 500 public shareholders while maintaining a minimum public holding of 10 percent.

    To list on the secondary DiriSavi Board, a company should maintain a minimum public holding of 10 percent of its total listed shares in the hands of a minimum of 200 public shareholders.

      Current date/time is Mon Oct 07, 2024 5:42 pm