Melstacorp increases shareholding of Aitken Spence

aitken-spence

Aug 31, 2017 (LBO) – Sri Lanka’s diversified Melstacorp has further increased its shareholding at Aitken Spence by 1.99 percent of the issued share capital of Aitken Spence.

Subsequent to this purchase Melstacorp and related parties together hold 199,992,329 shares which worked out to 49.038 percent of Aitken Spence.

Melstacorp said the transaction doesn’t trigger a mandatory offer as it is within the 2 percent that can be acquired in a period of 12 months — 24th March 2017 to 23rd March 2018.

Prior to the one year cycle commenced on 24th March 2017, Melstacorp together with the connected parties held the following shares of Aitken Spence.

Melstacorp PLC 183,190,790 45.12%
Milford Exports  Ceylon (Pvt) Ltd 4,321,500 1.06%
Stassen Exports (Pvt) Ltd 3,244,500 0.08%
Distilleries  Co of Sri Lanka PLC No 2 120,000 0.03%
Distilleries Co of Sri Lanka PLC No  1 66,500 0.02%
Ms. D.S.T Jayawardena 27,839 0.01%
Periceyl (Pvt) Ltd 21,200 0.01%
TOTAL 190,992,329 47.04%