š LOLC Finance Announces Rs. 16.1 Bn Share Buyback
⢠Transaction Overview: LOLC Finance PLC plans to repurchase up to 2.3 billion ordinary voting shares (specifically 2,299,122,556 shares) for a total consideration of up to Rs. 16.09 billion. ⢠Pricing & Ratio: Offer price is set at Rs. 7.00 per share, reflecting a premium over its last traded price of Rs. 4.90. The buyback ratio is 7 shares for every 90 shares held. ⢠Capital Structure: Based on a total of 29.56 billion issued ordinary voting shares. The offer price was deemed fair value by company auditors. ⢠Shareholding Profile: As of end-March 2026, LOLC Ceylon Holdings holds 96.29%, followed by Phantom Investments Ltd. with 0.37%. Public float stands at 3.69% held across 18,475 shareholders. ⢠Regulatory & Next Steps: Conducted under Section 64 of the Companies Act and CSE Listing Rules. CBSL approval is not required; record, opening, and closing dates will be announced in due course.