OFFER FOR SUBSCRIPTION OF SIXTEEN MILLION (16,000,000) NEW ORDINARY VOTING SHARES AT LKR 6 PER SHARE WITH AN OPTION TO ISSUE A FURTHER SIXTEEN MILLION (16,000,000) SHARES IN THE EVENT OF AN OVERSUBSCRIPTION OF THE INITIAL SIXTEEN MILLION (16,000,000) SHARES
The Issue contemplated herein shall constitute an invitation made to the general public to initially purchase Sixteen Million (16,000,000) Shares, which in the event of an oversubscription, the Board to exercise the right to accept applications in respect of up to a further 16,000,000 shares, a total of 32,000,000 new ordinary voting shares of MHDL will be offered to the public at the offer price of Rupees Six (LKR 6.00) per Share. If fully subscribed, the issue would raise Sri Lankan Rupees One Hundred and Ninety Two Million (LKR 192,000,000). (based on the option being exercised)
The Board of Directors of Millennium Housing Developers Ltd (“MHDL” ) is hereby pleased to invite you to invest in Shares of the Company by way of the Offer, which provides an opportunity to participate in the future growth prospects of MHDL, one of the leading housing developers and deliverers of township projects in Sri Lanka. MHDL is a subsidiary of Nation Lanka Finance PLC and the main business activity of the Company revolves around developing property as Township Projects to cater to the emerging residential needs of people from various income segments.
(0094) 071 488 4008, 071 488 4011, (0094) 011 454 1750 Millennium Housing Developers Limited., No.28,Dickman's Road, Colombo 05, Sri Lanka.