Colombo, Sri Lanka – 19 August 2026 – Pegasus Hotels of Ceylon PLC (CSE: PEG) has released crucial dates pertaining to its proposed sub-division of existing ordinary shares, providing investors with a clear timeline for the upcoming corporate action. The announcement, dated 17 August 2026, details the Extraordinary General Meeting (EGM), entitlement date, and the period during which trading of the company’s shares will be temporarily suspended.
This development follows the initial announcement made on 21 July 2026 regarding the share sub-division. The company has confirmed that it has received the necessary concurrence from the Colombo Stock Exchange (CSE), with documentation approved via a letter on 12 August 2026, and further confirmation by email on 14 August 2026.
Key Dates for Pegasus Hotels’ Share Sub-Division
Investors and stakeholders of Pegasus Hotels of Ceylon PLC should note the following critical dates:
- Extraordinary General Meeting (EGM): The EGM to secure shareholder approval for the proposed share sub-division is scheduled for Friday, 11th September 2026, at 9:30 a.m. The meeting will take place at the Auditorium, Ground Floor, The Ceylon Chamber of Commerce, No. 50, Nawam Mawatha, Colombo 2, Sri Lanka.
- Date of Entitlement/Record Date: The sub-division will be based on the shareholding as at Tuesday, 15th September 2026. Shareholders registered on this date will be entitled to the sub-divided shares.
- Trading Suspension: To facilitate the updating of CDS (Central Depository System) records following the sub-division, the shares of Pegasus Hotels of Ceylon PLC will be suspended from dealing from Monday, 14th September 2026, to Friday, 18th September 2026.
- Re-commencement of Trading: Trading of the company’s shares will re-commence on Monday, 21st September 2026, subsequent to the completion of the sub-division process.
The sub-division of shares is typically undertaken to increase the number of shares outstanding while reducing the price per share proportionally. This can potentially enhance liquidity, making the shares more accessible and attractive to a broader base of investors.
Carsons Management Services (Private) Limited, acting as Secretaries for Pegasus Hotels of Ceylon PLC, issued the announcement signed by Natasha Selvaratnam, President – Group Company Secretarial.
Investors are advised to take note of these dates and consult their financial advisors for further guidance regarding the implications of the share sub-division.
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