Feb 01, 2010 (LBO)- Sri Lanka’s Sampath Bank plans to give shareholders an extra share for every 10 held by them in a share split that would increase total listed shares to 75.7 million, it said in a stock exchange filing. The share split is awaiting shareholder approval. The share split would effetely increase Sampath Bank’s total share issue by 10 percent.
The filing said the 1.58 billion rupee stated capital of the bank would remain unchanged.
Before the share split it had issued 68.88 million shares.
Sampath Bank directors had given the green light to the share split at a meeting held on January 28, 2010.