Expolanka Holdings Announces Delisting and Change of Company Name
Expolanka Holdings PLC today announced that the following resolutions were duly approved by the shareholders of the company at an Extraordinary General Meeting held on March 27, 2024.
The company’s shareholders approved the delisting of the ordinary shares of Expolanka Holdings PLC from the official list of the Colombo Stock Exchange. This decision is subject to the approval of the Securities and Exchange Commission of Sri Lanka. The shares of any shareholder who wishes to sell their shares due to the delisting will be purchased by SG Holdings Global Pte Ltd at a price of Rupees One Hundred and Eighty Five (Rs. 185.00) per share.
Upon the delisting of shares from the Colombo Stock Exchange, Expolanka Holdings PLC will be deemed to have changed its status from a public listed company to a public company. In accordance with the provisions of the Companies Act, No. 07 of 2007, the name of the company will be changed from ‘Expolanka Holdings PLC’ to ‘Expolanka Holdings Limited’.
These resolutions were passed as Special Resolutions as defined in Rule 5 (2) (a) of the SEC Rules published in Gazette Extraordinary No. 1215/2 dated 18th December 2001. Expolanka Holdings PLC is a leading diversified conglomerate in Sri Lanka, with interests in logistics, leisure, and other sectors. With a commitment to excellence and innovation, the company continues to drive growth and create value for its stakeholders
Expolanka Holdings PLC (PB 744)
Notice to General Public
This is to inform the General Public that the following resolutions were duly approved by the Shareholders of the Company at an Extraordinary General Meeting held on the 27th March of 2024 in the form of Special Resolutions as defined in Rule 5 (2) (a) of the SEC Rules published in Gazette Extraordinary No. 1215/2 dated 18th December 2001:
- THAT the ordinary shares of Expolanka Holdings PLC (the “Company”) be delisted from the official list of the Colombo Stock Exchange subject to the Securities and Exchange Commission of Sri Lanka approving the Application to be made by the Company for such purpose, in terms of Rule 5 of the Rules made by the Securities and Exchange Commission of Sri Lanka as published in Gazette Extraordinary No. 1215/2 of 18th December 2001, and the shares of any shareholder who wishes to sell their shares in view of the delisting being purchased by SG Holdings Global Pte Ltd at a price of Rupees One Hundred and Eighty Five (Rs. 185.00) per share.”
- THAT since the Company shall be deemed to have changed its status from a public listed company to a public company upon the delisting of the shares from the official list of the Colombo Stock Exchange the name of the Company shall be changed from ‘Expolanka Holdings PLC’ to ‘Expolanka Holdings Limited’ in accordance with the provisions of the Companies Act, No. 07 of 2007.”
