NTT Communications sold its 35.2% to GTH -
04/01/2008
In terms of the Corporate Disclosure Requirements of the CSE's Continuing Listing Rules, Sri Lanka Telecom PLC wishes to announce to the market, that one of the principal shareholders of the Company, viz. NTT Communications Corporation of Japan who held 635,076,318 shares, which constitutes 35.2% of the total stated capital of the Company has sold their holding in its entirety, as of today, to Global Telecommunications Holdings N.V. of Netherlands on a price of LKR 50.50.
Subsequent to the above transaction, Global Telecommunications Holdings N.V. have announced that in terms of the Takeovers and Mergers Code, they will make a mandatory offer to the remaining shareholders.