The Securities and Exchange Commission of Sri Lanka (SEC) is organising a discussion on 'Minimum Public Float: An Open Discussion' targeted at all stakeholders on Wednesday April 6 at the Cinnamon Lakeside, Colombo starting from 2.00 pm till 4.30 pm, a SEC media release said.
This comes on the back of many listed firms who don’t fall into the SEC's minimum public float requirements announcing their intention to get off the Colombo Stock Exchange (CSE). The latest was Finlay’s Colombo.
The SEC rules say that From 1 January 2014, all main board listed companies are instructed to have a minimum public float of 20 per cent in the hands of a minimum of 750 public shareholders or a market capitalisation of Rs. 5 billion of firm’s public holding in the hands of minimum of 500 public shareholders whilst maintaining a public holding of 10 per cent. (DE)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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