📈 LB Finance-AMF Amalgamation Effective 31 July; AMF Shares to be Suspended

• Merger Completion: Associated Motor Finance Company PLC (AMF) announced its amalgamation with parent company LB Finance PLC will take effect on 31 July 2026, finalizing their finance sector consolidation following necessary regulatory and shareholder approvals. • Trading Suspension: AMF shares will be suspended from trading on the Colombo Stock Exchange (CSE) starting from the close of market on 27 July 2026. • Shareholder Terms: AMF shares will not convert into LB Finance shares. Instead, minority shareholders will receive a cash consideration of Rs. 55 per share. • Ownership Structure: LB Finance currently holds a 73% stake in AMF following a voluntary offer late last year at Rs. 50 per share. Upon completion, the shares held by LB Finance will be cancelled under Section 240(3)(a) of the Companies Act. • Market Impact: AMF will cease to exist as a separate listed entity, with all its businesses and assets fully absorbed into LB Finance. The transaction has been approved by the Governing Board of the Central Bank of Sri Lanka.