Aitken Spence Plantation Management PLC has announced its intention to de-list its ordinary shares from the Official List of the Colombo Stock Exchange (CSE). This decision was made during a Board Meeting held on May 29, 2024, and is contingent upon receiving the necessary shareholder and regulatory approvals.

The Company has arranged for its three largest shareholders—Aitken Spence PLC, M J F Holdings (Private) Limited, and Mr. D. A. de S. Wickramanayake (collectively referred to as the "Major Shareholders")—to acquire shares from minority shareholders wishing to divest at a price of LKR 240 per share. This exit offer aims to facilitate the proposed de-listing.

The Major Shareholders have agreed to purchase shares from minority shareholders proportionately, maintaining their current shareholding percentages post de-listing. This agreement ensures that the distribution of shares remains balanced among the Major Shareholders according to their existing ownership stakes.

To inform shareholders of the rationale behind the de-listing and to seek their approval, the Company will soon dispatch a circular and a notice for an Extraordinary General Meeting (EGM). This EGM will be convened to discuss and vote on the proposed de-listing.

The Board of Directors commits to adhering to all relevant procedures as outlined by the Securities and Exchange Commission of Sri Lanka, ensuring a smooth and compliant transition throughout the de-listing process.