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» Technology~විද්‍යාව ~ Wisdom
SEC reconsiders minimum public float rule: CSE EmptyToday at 6:54 am by ruwan326

» අනං මනං! #/+?.<>
SEC reconsiders minimum public float rule: CSE EmptyMon Nov 11, 2019 12:38 pm by nihal123

» Thread for News on CSE and SL Economy
SEC reconsiders minimum public float rule: CSE EmptyMon Nov 11, 2019 10:51 am by ruwan326

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
SEC reconsiders minimum public float rule: CSE EmptySun Nov 10, 2019 7:37 pm by ruwan326

» What's 5G?
SEC reconsiders minimum public float rule: CSE EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
SEC reconsiders minimum public float rule: CSE EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

» ලාෆ් ගෑස් සමාඟමට එරෙහිව විනිමය කොමිසමෙන් නඩු
SEC reconsiders minimum public float rule: CSE EmptySat Nov 09, 2019 3:05 am by Rana

» CFVF - First Capital
SEC reconsiders minimum public float rule: CSE EmptyFri Nov 08, 2019 8:36 pm by hammurabi

» Dividend Announcement
SEC reconsiders minimum public float rule: CSE EmptyFri Nov 08, 2019 11:03 am by nihal123

» Hayleys MGT
SEC reconsiders minimum public float rule: CSE EmptyWed Nov 06, 2019 10:13 pm by seek

» Thought for the day...
SEC reconsiders minimum public float rule: CSE EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
SEC reconsiders minimum public float rule: CSE EmptyTue Nov 05, 2019 1:22 pm by nihal123

» DIPD.N0000 (Dipped Products)
SEC reconsiders minimum public float rule: CSE EmptySun Nov 03, 2019 9:13 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
SEC reconsiders minimum public float rule: CSE EmptySun Nov 03, 2019 6:50 pm by Backstage

» Recent tax developments on residential condominium properties
SEC reconsiders minimum public float rule: CSE EmptySun Nov 03, 2019 5:56 pm by Backstage

» Local Palm Oil Industry
SEC reconsiders minimum public float rule: CSE EmptySun Nov 03, 2019 4:44 am by serene

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SEC reconsiders minimum public float rule: CSE EmptySat Nov 02, 2019 10:00 pm by hammurabi

» LPL.N0000
SEC reconsiders minimum public float rule: CSE EmptyFri Nov 01, 2019 8:35 pm by Admin

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
SEC reconsiders minimum public float rule: CSE EmptySun Oct 27, 2019 9:08 pm by PANTOMATH

» දුක බෙදාගත් හැටි
SEC reconsiders minimum public float rule: CSE EmptySun Oct 27, 2019 6:48 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
SEC reconsiders minimum public float rule: CSE EmptyFri Oct 25, 2019 9:31 pm by ruwan326

» KFP.N0000(Keels Food Products PLC)
SEC reconsiders minimum public float rule: CSE EmptyFri Oct 25, 2019 8:26 am by yellow knife

» CCS.N0000 ( Ceylon Cold Stores)
SEC reconsiders minimum public float rule: CSE EmptyThu Oct 24, 2019 5:57 pm by dhanurrox

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
SEC reconsiders minimum public float rule: CSE EmptyThu Oct 24, 2019 10:13 am by lanka

» Forex Trading කළොත් නඩු
SEC reconsiders minimum public float rule: CSE EmptyWed Oct 23, 2019 11:09 am by nihal123

» East West properties
SEC reconsiders minimum public float rule: CSE EmptyWed Oct 23, 2019 7:00 am by slstock

» Food and Beverages
SEC reconsiders minimum public float rule: CSE EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

» Devolution of power, civil wars, altruism, nepotism in animal world
SEC reconsiders minimum public float rule: CSE EmptyFri Oct 18, 2019 10:15 pm by Backstage

» RCL - Royal Ceramics
SEC reconsiders minimum public float rule: CSE EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
SEC reconsiders minimum public float rule: CSE EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
SEC reconsiders minimum public float rule: CSE EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
SEC reconsiders minimum public float rule: CSE EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
SEC reconsiders minimum public float rule: CSE EmptyThu Oct 10, 2019 9:24 am by ruwan326

» අපි නොදන්න ගීතයක කතාව
SEC reconsiders minimum public float rule: CSE EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
SEC reconsiders minimum public float rule: CSE EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
SEC reconsiders minimum public float rule: CSE EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
SEC reconsiders minimum public float rule: CSE EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
SEC reconsiders minimum public float rule: CSE EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
SEC reconsiders minimum public float rule: CSE EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
SEC reconsiders minimum public float rule: CSE EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
SEC reconsiders minimum public float rule: CSE EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
SEC reconsiders minimum public float rule: CSE EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
SEC reconsiders minimum public float rule: CSE EmptyWed Sep 18, 2019 9:01 am by CK

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
SEC reconsiders minimum public float rule: CSE EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
SEC reconsiders minimum public float rule: CSE EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
SEC reconsiders minimum public float rule: CSE EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
SEC reconsiders minimum public float rule: CSE EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
SEC reconsiders minimum public float rule: CSE EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
SEC reconsiders minimum public float rule: CSE EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
SEC reconsiders minimum public float rule: CSE EmptyFri Sep 06, 2019 6:00 am by sanjulanka

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SEC reconsiders minimum public float rule: CSE

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SEC reconsiders minimum public float rule: CSE Empty SEC reconsiders minimum public float rule: CSE

Post by Rana on Sat Feb 27, 2016 5:38 pm

Feb 25, 2016 (LBO) –
Sri Lanka’s securities regulator is reconsidering the minimum public float rule as the intention of introducing such rule was not met, ‎a senior official at the CSE said.

Chief Executive Officer at the Colombo Stock Exchange Rajeeva Bandaranaike said the intention of introducing the minimum holding rule was to encourage the public float.

“The intention was good, but companies really did not choose to divest. Instead some companies choose to demote themselves to Diri Savi board and some others choose to de-list,” Bandaranaike said.

Few companies have already de-listed and several others have transferred to the secondary Diri Savi Board following the introduction of new rules.

“The regulator is looking at it right now and there is a strong possibility that they reconsider the rule. Right now most of the companies have been given extension of one year.”

Bandaranaike was speaking at the capital market conference 2016 organized by UTO Edu Consult.

The securities watchdog brought in the new rules that are applicable to all public listed entities which have their equity listed on the CSE effective from 01 January 2014.

As per the minimum public holding rules, there are two ways to get listed on the main board of the Colombo Stock Exchange.

One option is that a listed entity on the main board should maintain a minimum public holding of 20 percent of its total listed ordinary voting shares in the hands of a minimum of 750 public shareholders.

Second option is that a market capitalization of 5 billion rupees of its public holding in the hands of a minimum of 500 public shareholders while maintaining a minimum public holding of 10 percent.

To list on the secondary DiriSavi Board, a company should maintain a minimum public holding of 10 percent of its total listed shares in the hands of a minimum of 200 public shareholders.

Rana
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