Lanka Securities Morning Note 16 July 2015

Melissa Pereira Fri Jul 17, 2015 10:06 am

Resus Energy – Repurchase of shares:
Board of HPWR has resolved to repurchase shares of company, further to the capital
restructuring process of HPWR group already announced to the market on April 02,
2015.

Maximum no. of shares to be re-purchased – 71,542,858 shares Price per share at which the repurchase is to be carried out – LKR 24.00 per share
Proportion in which shares to be repurchased – 04 shares for every 07 shares held
Proposed date of opening of the offer – 25th August 2015
Proposed date of closing of the offer – 07th September 2015
(Refer attachment for more details)

People’s Finance & Leasing – Appointment of company as the managing agent of
People’s Merchant Finance:
Company has assumed duties as the managing agent of People’s Merchant Finance with effect from 14th July 2015.