Millers merges with Ceylon Theatres
The green light to merge Millers Plc with Ceylon Theatres Ltd (CTL) was granted recently by the Registrar of Companies, CTL has told the Colombo Stock Exchange.
"Further to our letter dated 12th March 2008, we have received the certificate of Amalgamation from the Registrar of Companies giving the date of amalgamation as 13th March 2008," the communiqué said. It said that according to Section 245 (c) of the Companies’ Act No: 7 of 2007, the Registrar would remove all particulars relating to Millers Plc from the register from Thursday ( March 13) onwards whereby Millers Plc will not exist.
“The shareholders of millers Plc from Wednesday (March 12) onwards would be entitled to be allotted shares in CTL in terms of the amalgamation proposal,” it further said.