Sri Lanka’s Carson Cumberbatch to purchase Equity One shares

Nov 02, 2015 (LBO) – Sri Lanka’s diversified Carson Cumberbatch on Monday said it intends to make an offer to purchase remaining Equity One ordinary shares at 77.50 rupees per share.

Equity One announced today that they are to de-list its ordinary shares from the official list of the Colombo Stock Exchange subject to necessary approvals.

Carson Cumberbatch, the majority shareholder of Equity One (holding 96.28%) said it will purchase shares of those who wish to divest their shares.

A circular detailing the rationale for the proposed de-listing together with the notice of EGM will be dispatched to the shareholders, Equity One said in a stock exchange filing.