Serendib Engineering announces voluntary delisting from CSE

Serendib Engineering Group PLC announces the voluntary delisting of its fully paid ordinary voting shares from the Official List of the Colombo Stock Exchange (CSE).

An exit offer has been extended to shareholders at a price of Rs 3.80 per share, representing a significant premium to the Net Asset Value Per Share (NAVPS) of Rs. -10.05 as at 30th June 2024. Notably, the exit offer price matches the last traded price prior to the trading suspension on 6th December 2022.

The exit offer will commence on 16th April 2025 (Opening Date) and remain open until 5:00 PM on 16th May 2025. Payment will be dispatched on 11th June 2025, subject to the terms and conditions outlined in the exit offer document. (Almas Equities Research)