Prime Lands Residencies announces virtual investor forum for upcoming IPO

Prime-Group

Prime Lands Residencies, the condominium property arm of Prime
Group, announces the first ever Virtual Investor Forum for its upcoming Initial Public Offering (IPO). Extending its invitation to investors and market participants, the Prime Lands Residences Virtual Investor Forum will be held via Zoom on the 28 th  of April 2021, 4.00pm onwards.

The Initial Public Offering for Prime Lands Residencies will issue 100 Million Ordinary Voting Shares, with an option to issue a further 87.5 Million Ordinary Voting Shares via an offer for subscription at LKR 10.40 per share. By collaborating with Acuity Partners (Pvt) Ltd, the sole
manager and financial advisor to the IPO, Prime Lands Residencies now provides an opportunity for investors to subscribe to the IPO, further allowing them to benefit from the impressive real estate growth that the industry faces today.

The Initial Public Offering of Prime Lands Residencies will take place on the 11 th of May 2021. With a commitment to bring the best value to all their stakeholders, the Virtual Investor Forum will uncover greater details of the IPO and ensure that their satisfaction is parallel to the growth of Prime Lands Residencies and the Prime Group.

Attendees and other interested parties can now register the organization’s IPO Micro Site at www.ipo.primeresidencies.lk or give a missed call to 1353, to view the IPO Prospectus and relevant applications.