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WHAT ABOUT CTCE EGM Vote_lcap68%WHAT ABOUT CTCE EGM Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » WHAT ABOUT CTCE EGM

WHAT ABOUT CTCE EGM

+2
lokka1
dmtmadusanka
6 posters

Go down  Message [Page 1 of 1]

1WHAT ABOUT CTCE EGM Empty WHAT ABOUT CTCE EGM Wed Mar 27, 2019 9:35 am

dmtmadusanka


Senior Equity Analytic
Senior Equity Analytic

Results

2WHAT ABOUT CTCE EGM Empty CTCE EGM Wed Mar 27, 2019 3:30 pm

lokka1


Manager - Equity Analytics
Manager - Equity Analytics

All of the resolutions were approved. You will get the Rs. 25 dividend and the buy back of shares at Rs. 2500.00
lokka1

3WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Wed Mar 27, 2019 3:51 pm

EGG


Senior Equity Analytic
Senior Equity Analytic

Thanks for the update. Appreciate it.

4WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Wed Mar 27, 2019 3:55 pm

mark

mark
Expert
Expert

@lokka1 wrote:All of the resolutions were approved. You will get the Rs. 25 dividend and the buy back of shares at Rs. 2500.00
lokka1

Thanks dude,I missed the drama Sad ,there were long queue for parking so i came office.

5WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Wed Mar 27, 2019 6:48 pm

EGG


Senior Equity Analytic
Senior Equity Analytic

Hi, any idea as to how long the settlement will take ?also I have a margin trading account which I hold the shares (which I have borrowed against)
therefore the proceeds will be directly routed to the broker ? Kindly share your views pls. Thanks

6WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Wed Mar 27, 2019 7:51 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@EGG wrote:Thanks for the update. Appreciate it.
There is fb msg for u

7WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Thu Mar 28, 2019 5:50 pm

Agape


Senior Equity Analytic
Senior Equity Analytic

The Chqs will be most probably sent in early May19 given the New Yr Holidays-For Margin Ac Holders the chq will be sent direct to the Margin provider.I do believe that also there will be a WHT @ 14% -So the full Rs 2,500\= will not be paid-My understanding is that WHT will be deducted on the Difference betwen the Buyback Price and the closing MV on the date of Announceent-Thus WHT will be Rs (2,500-1,550)@14%=Rs133\=per share.

8WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Thu Mar 28, 2019 10:27 pm

EGG


Senior Equity Analytic
Senior Equity Analytic

Thanks for the detailed response. Appreciate it.

9WHAT ABOUT CTCE EGM Empty CTCE EGM Fri Mar 29, 2019 12:20 pm

lokka1


Manager - Equity Analytics
Manager - Equity Analytics

@Agape wrote:The Chqs will be most probably sent in early May19 given the New Yr Holidays-For Margin Ac Holders the chq will be sent direct to the Margin provider.I do believe that also there will be a WHT @ 14% -So the full Rs 2,500\= will not be paid-My understanding is that WHT will be deducted on the Difference betwen the Buyback Price and the closing MV on the date of Announceent-Thus WHT will be Rs (2,500-1,550)@14%=Rs133\=per share.
I checked with  the AIA secretary about this. She said once the SEC gives approval to de-list it will take about a month to get their approval and another two more weeks to disburse the money. She also said the share holders will receive the Rs. 2500 without any deductions. So I suppose that is good news.
Lokka1

10WHAT ABOUT CTCE EGM Empty Re: WHAT ABOUT CTCE EGM Fri Mar 29, 2019 6:00 pm

Agape


Senior Equity Analytic
Senior Equity Analytic

Yes Very good news if no deductions are made

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