GUAR, CINV share repurchase offer

The two long-standing investment trusts listed on the Colombo Stock Exchange, Ceylon Guardian Investment Trust PLC (GUAR) and Ceylon Investments PLC (CINV) announced a share re-purchase offer to their shareholders recently. Under the terms of the offer 15 percent of the issued capital of GUAR and 20 percent of the issued capital of CINV would be re-purchased by the respective companies at a price of Rs. 368 per share for GUAR and Rs. 189 per share for CINV.