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* Sri Lanka SEC holds seminar to guide listed public companies on minimum float
Mon, Jan 13, 2014, 12:51 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 13, Colombo: The Securities and Exchange Commission (SEC) of Sri Lanka together with the Colombo Stock Exchange (CSE) has organized a symposium in order to guide the publicly listed companies on the new rules on the requirement of Minimum Public Holding.

The recently issued directives by the SEC require all Listed Public Companies to comply with the Rules on Minimum Public Float as a Continuous Listing Requirement issued to companies listed on the Colombo Stock Exchange effective from 1st January 2014.

The Symposium is aimed at guiding those companies on Minimum Public Float, related party transactions and disclosure requirements for Directors' dealings in shares.

It will also provide an opportunity to the listed entities to familiarize themselves on implementation of those directives along with understanding their implications, the SEC said.

The Symposium will be held on Friday, 17th January, at Cinnamon Grand in Colombo from 9:00 a.m. to 12:00 noon.

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