investor relelation

Investor Relations

MILESTONES

  • People’s Merchant Finance PLC was incorporated as a Limited Liability Company on 26th January 1983 under the Companies Act No. 17 of 1982.
  • Initially, it was a joint venture between People’s Bank (75%) and Guinness Mahon & Company Ltd of UK (25%).
  • Subsequently, Guinness Mahon & Company Ltd curtailed their activities in Asia and sold their equity in People’s Merchant Finance PLC to People’s Bank.
  • In June 1993, People’s Merchant Finance PLC had a major capital restructuring through a private placement to a consortium of corporate investors, namely Development Finance Corporation of Ceylon (Presently DFCC Bank), HNB and Accepter Business Capital (SL) LTD –Hong Kong, presently Southbridge Capital Investment (SL) ltd Australia.
  • People’s Merchant Finance PLC was listed on the Colombo Stock Exchange in 1993.
  • Subsequent to the Rights Issue in January 2010 People’s Leasing Company Ltd became a major shareholder apart from People’s Bank, Lanka Orix Leasing Company PLC, Environmental Resources Investment PLC and South Bridge Capital Investments.
  • Subsequent to the Rights Issue in November 2011 Capital Trust Holdings acquired upto 26% of the company becoming the second-largest shareholder
  • People’s Leasing & Finance PLC assumed duties as the Managing Agent of the Company in July 2015 consequent to the Direction issued by the Monetary Board.
  • People’s Bank & People’s Leasing & Finance jointly acquired 9.57% shares of the Company in July 2015.
  • In August 2015, People’s Bank & People’s Leasing & Finance PLC jointly acquired 38.44% shares of the Company and became the first and second-largest shareholders of the Company by jointly holding 87.21% of shares of the Company.
  • Ordinary Shares of the Company has been transferred to DiriSavi Board in July 2018
  • Sterling Capital Investments (Pvt) Limited acquired 19.98% of the shares of the Company and became the third largest shareholder of the Company in April 2019.
  • Subsequently, Sterling Capital Investments (Pvt)Limited became the major shareholder of the Company representing 68.20% of the shares of the Company.

Financial Statements

 

PMF Right Issue PLA Document

  

PEOPLE’S MERCHANT FINANCE PLC – RIGHTS ISSUE 2021

     

PEOPLE’S MERCHANT FINANCE PLC – RIGHTS ISSUE 2021.

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