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 |
Company |
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|
2002 |
|
2001 |
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| Authorised |
|
|
|
|
|
|
|
|
| 10,000,000,000
(2001 - 10,000,000,000) ordinary shares of Rs. 10/- each |
|
100,000 |
|
100,000 |
|
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| Issued
and Fully Paid |
|
|
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|
|
|
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| 1,804,860,000
ordinary shares of Rs. 10/- each |
|
18,049 |
|
18,049 |
|
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|
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| The issued and fully paid
share capital is held as follows: |
| |
|
2002 |
|
2001 |
|
|
|
|
|
| |
|
Holding
Percentage |
|
No.
of
Shares |
|
Holding
Percentage |
|
No. of
Shares |
|
|
|
|
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| |
|
|
|
|
|
|
|
|
| Government
of Sri Lanka (GOSL) |
|
49.50% |
|
893,405,700 |
|
61.50% |
|
1,109,988,900 |
| NTT
Communications Corporation |
|
35.20% |
|
635,076,318 |
|
35.20% |
|
635,076,318 |
| Employees
and others |
|
15.30% |
|
276,377,982 |
|
3.30% |
|
59,794,782 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
1,804,860,000 |
|
|
|
1,804,860,000 |
|
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On 5 August
1997, the GOSL, the sole shareholder as on that date, divested 35%
of the shares in SLTL, amounting to 631,701,000 ordinary shares, to
NTT under the privatisation programme.
On 2 July 1998, the GOSL further divested 3.5% of the shares in SLTL,
amounting to 63,170,100 ordinary shares to the employees of SLTL.
On 7 June 1999, SLTL employees sold 0.2% of their shares to NTT Corporation.
On 22 March 2000, NTT Corporation transferred the full amount of its
shares in the Company to NTT Communications Corporation.
On 28 November 2002, the GOSL divested a further 12% of its holding
in SLTL amounting to 216,583,200 shares by an Initial Public Offering. |
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