The shares of First Capital Treasuries PLC commenced trading on the Colombo Stock Exchange (CSE) on Monday. The shares have been listed on the DiriSavi Board of the CSE under the “Investment Banking and Brokerage” sector. The occasion was marked by a Bell Ringing Ceremony. Representing First Capital Treasuries PLC, Chairman Nishan Fernando, Managing Director Dinesh Schaffter, Director and CEO Dilshan Wirasekara, Directors Ms. Minette Perera, Chandan de Silva were also present.
The CSE was represented by Chief Executive Officer Rajeeva Bandaranaike, Chief Regulatory Officer Renuke Wijayawardhane and Head of Listings, Vinduni Dullewe.
First Capital Treasuries Chairman Nishan Fernando, thanked the CSE, the investor community, staff members of First Capital Treasuries PLC and the media for the support extended during the IPO.
“Taking the company public has been part of our strategic plan for some time now. Listing and trading shares publicly gives a boost to both the brand equity and the trustworthiness of any company. It also gives the company the opportunity to truly understand its perceived value in the market. Then, there are the tax exemptions being offered by the government. Taking all these benefits into consideration, we felt that the time was right for us to invite the general public to be a part of First Capital Treasuries’ growth story.”
First Capital Treasuries is a subsidiary of First Capital Holdings PLC.