Last Updated : 2019-07-24 07:02:00

Raynnor resigns from Citrus boards; two new directors to be appointed

25 April 2012 06:10 am - 1     - {{hitsCtrl.values.hits}}


Popular media personality and investor Raynnor Silva has resigned from the position of Director of the boards of Citrus Leisure PLC and its two subsidiaries Waskaduwa Beach Resort PLC and Kalpitiya Beach Resort PLC with effect from April 16, 2012.

As of December 31, 2011 Silva held 9.28 percent of Citrus Leisure PLC and had a large presence in the company’s warrants (W001811.77 percent and W0019-11.81 percent). According to the prospectuses of Kalpitiya and Wakaduwa resorts, Silva doesn’t have any material interest in the companies under his personal name.

According to Dilith Jayaweera, Silva’s resignation was carried out on good governance principles.

“Because of personal reasons, he (Silva) couldn’t attend five board meetings of the companies consecutively. According to good governance principles he had to step down,” Jawyaweera told Mirror Business.

He also said that following Silva’s resignation, two new directors will be appointed.

“We are planning to appoint an executive director who will function as Ceo-director for all the companies and another non-executive director,” Jayaweera said.

Jaywaweera and Varuni Amunugama Fernando controlled Emagewise (Pvt) Ltd. is the major shareholder of Citrus Leisure PLC which has the controlling stakes in Waskaduwa and Kalpitiya resorts.

  Comments - 1

  • ChamaraJ Thursday, 26 April 2012 12:28 PM

    Suba Anagathayak !

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

Gruesome killing of five Tamil students in Trinco 13 years ago

Five Tamil students were killed near the beach in the Trincomalee town thirte

Sri Lanka cricket through the eyes of Paul Farbrace

During the World Cup in England and Wales, the Sunday Times caught up with Pa

Sri Lanka yet to play to their potential--Rumesh Ratnayake

After England amassed 397 runs against Afghanistan—the highest in the tourn

Dinesh Chandimal- 2018 ODI Captain to 2019 World Cup ‘spectator’

In 2018, Dinesh Chandimal scored 298 runs at 42.52 in One-Day Internationals