JKH public holding drops to 74.93% following share issuance to HWIC Asia Fund

Premier blue-chip, John Keells Holdings PLC yesterday affirmed that the public holding percentage of the company as of 24 January 2025 is 74.93 percent. 

This reflects a decrease of 4.88 percent from the 79.81 percent disclosed in the company’s interim report for the quarter ended 30 September 2024. 

In a disclosure to the Colombo Stock Exchange (CSE), John Keells Holding said the decrease in public holding is a result of the issuance and listing of 1,079,375,000 new ordinary voting shares to HWIC Asia Fund further to the exercise of the outstanding convertible debentures held.