Introductory Document - Colombo Stock Exchange

6. CAPITAL STRUCTURE6.1 STATED CAPITALThe Stated Capital of the Company Rs. 100,000,020 which comprises of Twenty Million (20,000,000)issued and fully paid Ordinary Voting Shares, as at 30 th April 2012.The Company issued two shares at a value of LKR 50 Million each to existing shareholders bycapitalizing the revaluation reserve on 28 March, 2011 for which the Company has received approvalfrom the SEC. The value of the reserve as at this date was LKR 107 Million. Prior to the capitalizationthe Company had only two shareholders holding one share each. Accordingly, the Directorsdetermined that the value of LKR 50 million per share is fair and reasonable. The shares were allottedon 28 March, 2011.In line with the SEC requirement, the valuation report of RFL has been attached in Annexure III of thisdocument.Subsequently, the four (04) shares were subdivided into twenty million (20,000,000) shares in theproportion of five million (5,000,000) Ordinary Voting Shares for every share held, on 28 March, 2011.This resulted in the increase of the four (04) Ordinary Voting Shares to Twenty Million (20,000,000)Ordinary Voting Shares.The changes in the capital structure have been summarised below:Total No. ofsharesStated Capital(LKR)Prior to the capitalization of revaluation reserve on 28-3-2011 2 20Subsequent to the capitalization 4 100,000,020Prior to the subdivision of shares on 28-3-2011 4 100,000,020Subsequent to subdivision of Shares 20,000,000 100,000,020As at the date of the Introductory Document 20,000,000 100,000,020The holders of the Ordinary Voting Shares of the Company confer their right to receive dividends asdeclared from time to time and are entitled to one vote per share at the meetings.As at the date of this Introductory Document, the Stated Capital of the Company comprises of TwentyMillion (20,000,000) issued and fully paid Ordinary Voting Shares.25 Ramboda Falls Limited – Introductory Document