Dialog releases confirmed data on IPO allocations
DIALOG Telekom yesterday released the final and confirmed data
pertaining to Sri Lanka's largest IPO which was oversubscribed within an
hour on the day of opening on July 7, 2005.
Shares of Dialog Telekom are expected to commence trading on the
Colombo Stock Exchange, on July 28 under the signature "Dial" a company
release said.
CEO MTN Networks Ltd, Dr. Hans Wijayariya told a media felicitation
night last Wednesday that Sri Lanka has a capital market second to none.
The Dialog IPO has been confirmed to have established several
milestones and performance records on Sri Lanka's capital market,
thereby adding a new dimension of dynamism to the Colombo Bourse already
recognised as one of the best performing in Asia and the World.
The company will commence dispatching refund cheques on July 22 which
is 7 days ahead of the stipulated period permitted by the CSE for the
dispatch of refunds.
Dialog Telekom will set a new IPO standard in making a token interest
payment on all cheque based refunds, not withstanding the fact that the
refunds them selves are being made in advance of the stipulated date.
Cheque refunds amounting to Rs. 6.3 billion will attract the token
interest payment, which the company expects will total to approximately
Rs 6.2 Million.
Subsequent to the provisional allocation details released on Monday,
July 11, 2005, the final allocation details confirmed by the registrar
SSP Corporate Services (Pvt) Ltd., and Managers to the issue NDB
Investment Bank are given below, by Investor category: |