Funds in repurchase account

The quantity of shares accepted by foreign shareholders in the John Keells Holdings (JKH) repurchase offer has been deducted from the foreign holding figure of the JKH, CSE, Manager - Business Development Tushara Jayaratne told the Daily News Business. He said the quantity of shares accepted by foreign shareholders in respect of the JKH share repurchase is temporarily kept in a share repurchase account until the company finalises the repurchase.

Therefore, deduction of the foreign holding figures include both foreign sales and quantity that has been accepted by foreign shareholders in respect of the repurchase.

Also the net foreign outflow for the entire market is Rs 39 million.