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26 May 2016


John Keells increases share volume

At a meeting of its board of directors on 24 May, John Keells Holdings PLC has decided to increase its share volume. Accordingly, every seven shares would be transformed into eight shares. All shares with voting rights and all share warrants too are to increase accordingly.
By 24 May, 2016 the declared the number of ordinary shares with voting rights were 1,189,403,549 and with this decision this share volume is expected to grow up to 1,359,318,342 shares.
Meanwhile, the currently issued share warrants of John Keells Holdings PLC are 50,281,136 and with the new decision they are expected to increase to 57,464,155.
Earlier, the decided price to change a share warrant into an ordinary share was Rs. 170.62 each and with this decision it is expected to drop to Rs. 149.29.
John Keells Holdings PLC is to call for an extraordinary general meeting and the date for the listing of shares to be decided upon and also to obtain the shareholders’ approval.

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