Monday, 2 June 2014
Company Fact Sheet: LB Finance PLC - LFIN:N0000
About the company:
Established: 1971 Quoted Date: 1997-12-30 Sector: Banks Finance & Insurance
L B Finance PLC is a diversified holding company with strategic investments in financial services, tile and sanitary ware manufacturing, and leisure. The Company's principal activities includes acceptance of deposits, maintenance of savings accounts, granting lease and hire purchase facilities, micro finance facilities, gold loans, vehicle loans, mortgage loans, factoring, margin trading, Islamic finance facilities and value added services. As of March 31, 2013, the Company operated a network of 89 branches, 37 gold loan centres totalling to 126 distribution channels. During the fiscal year ended March 31, 2013, the Company opened 14 channels. Its ultimate holding company is Vallibel One PLC.
L B Finance PLC is a diversified holding company with strategic investments in financial services, tile and sanitary ware manufacturing, and leisure. The Company's principal activities includes acceptance of deposits, maintenance of savings accounts, granting lease and hire purchase facilities, micro finance facilities, gold loans, vehicle loans, mortgage loans, factoring, margin trading, Islamic finance facilities and value added services. As of March 31, 2013, the Company operated a network of 89 branches, 37 gold loan centres totalling to 126 distribution channels. During the fiscal year ended March 31, 2013, the Company opened 14 channels. Its ultimate holding company is Vallibel One PLC.
Chairman: Mr Thosapala Hewage (Independent Non Executive Director)
Executive Deputy Chairman: Mr K.D.D. Perera
Managing Director: Mr J.A.S.S. Adhihetty
Executive Deputy Chairman: Mr K.D.D. Perera
Managing Director: Mr J.A.S.S. Adhihetty
Board of Directors:
Mr N. Udage (Executive Director)
Mrs K. Fernando
Mr L.N. de S Wijeyeratne (Independent Non-Executive Director)
Mr B.D. St. Auburn Perera (Executive Director)
Mr W.D.N.H. Perera
Mr N. Udage (Executive Director)
Mrs K. Fernando
Mr L.N. de S Wijeyeratne (Independent Non-Executive Director)
Mr B.D. St. Auburn Perera (Executive Director)
Mr W.D.N.H. Perera
Mrs Shirani Jayasekara
Mrs A.K. Gunawardena (Independent Non Executive Director)
Mrs A.K. Gunawardena (Independent Non Executive Director)
52 Weeks Low: 96.00 52 Weeks High: 135.90
Average Trading Volume: 10,780
Company Financial at a glance:
Click Table to Enlarge
Total Voting shares in Issue: 69,257,142
Notes:
1. 5,771,428 Ordinary Shares of the Company were allotted on 19th October 2006, pursuant to a 2:5 Bonus Issue.
2. 10,100,000 Ordinary Shares of the Company were allotted on 27th November 2007, pursuant to a 1:2 Rights Issue @ Rs. 17.00.
3. 4,328,571 Ordinary Shares of the Company were allotted on 28th July 2008, pursuant to a 1:7 Rights Issue @ Rs. 17.00.
Notes:
1. 5,771,428 Ordinary Shares of the Company were allotted on 19th October 2006, pursuant to a 2:5 Bonus Issue.
2. 10,100,000 Ordinary Shares of the Company were allotted on 27th November 2007, pursuant to a 1:2 Rights Issue @ Rs. 17.00.
3. 4,328,571 Ordinary Shares of the Company were allotted on 28th July 2008, pursuant to a 1:7 Rights Issue @ Rs. 17.00.
4. 34,628,571 Ordinary Shares of the Company were allotted on 4th March 2011, pursuant to a 1:1 Capitalization of Reserves.
Top 20 Shareholders as at 31/03/2014:
Percentage of public holding as at 31st March 2014 was 12.45%
The percentage of Foreign Holding as at 31st May 2014 was 0.82%
Quote for the day
“More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.” - Ray Dalio
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