Three blue chips list employee shares

Ravi Ladduwahetty

Three premier blue chip corporates - John Keells Holdings, Commercial Bank and DFCC Bank have listed shares they have gifted their employees worth Rs 154.8 million under the Employee Share Ownership Plans of their respective corporates.

The number of shares, which they have given in the names of their employees and listed on the floor of the Colombo Stock Exchange have been- John Keells Holdings -336,060 shares, Commercial Bank- 274,947 shares and DFCC Bank - 100,586 shares.

The value at the market rates of these shares at the current market rates will be John Keells Holdings at the rate of Rs 207 at Rs 69,564,420 (Rs 69.5 million), while the Commercial Bank stake, at the rate of Rs 260 will be worth Rs 71,486,220 (Rs 71.4 million) while the DFCC Bank stake at Rs 137 will be worth Rs 13,780,282 (Rs 13.7 million) which aggregated to Rs 154,832,922 million.

The total capital of the three corporates amount to JKH- 24.6 billion shares, while DFCC Bank shares are 2.6 billion while Com Bank has 11.6 billion shares.

These are the number of shares that have been gifted to employees and they have been listed on the floor of the Colombo Stock Exchange as a formality, CSE Listing Manager Priyana Gunasekera told Daily News Business yesterday.