Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to LK₨11.30, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Insurance industry in Sri Lanka. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to LK₨11.20, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 12x in the Insurance industry in Sri Lanka. Total returns to shareholders of 32% over the past three years. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: LK₨1.00 (vs LK₨0.29 loss in FY 2025) Full year 2026 results: EPS: LK₨1.00 (up from LK₨0.29 loss in FY 2025). Revenue: LK₨51.3b (up 29% from FY 2025). Net income: LK₨973.8m (up LK₨1.25b from FY 2025). Profit margin: 1.9% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to LK₨13.00, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Insurance industry in Sri Lanka. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨16.40, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 13x in the Insurance industry in Sri Lanka. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to LK₨14.30, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 11x in the Insurance industry in Sri Lanka. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to LK₨13.40, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 13x in the Insurance industry in Sri Lanka. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to LK₨8.30, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Insurance industry in Sri Lanka. Total loss to shareholders of 31% over the past three years. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (LK₨6.94b market cap, or US$22.4m). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to LK₨7.10, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 12x in the Insurance industry in Sri Lanka. Total loss to shareholders of 56% over the past three years. Announcement • Dec 04
Softlogic Capital PLC, Annual General Meeting, Jan 09, 2026 Softlogic Capital PLC, Annual General Meeting, Jan 09, 2026, at 10:00 Sri Lanka Standard Time. Location: the auditorium of central hospital limited, (4th floor), no.114, norris canal road., colombo 10 Sri Lanka New Risk • Nov 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). High level of non-cash earnings (32% accrual ratio). Minor Risk Market cap is less than US$100m (LK₨5.47b market cap, or US$17.8m). Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: LK₨0.12 (vs LK₨0.45 loss in 2Q 2025) Second quarter 2026 results: EPS: LK₨0.12 (up from LK₨0.45 loss in 2Q 2025). Revenue: LK₨12.3b (up 22% from 2Q 2025). Net income: LK₨117.4m (up LK₨552.7m from 2Q 2025). Profit margin: 1.0% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
First quarter 2026 earnings released: LK₨0.02 loss per share (vs LK₨0.07 profit in 1Q 2025) First quarter 2026 results: LK₨0.02 loss per share (down from LK₨0.07 profit in 1Q 2025). Revenue: LK₨11.8b (up 14% from 1Q 2025). Net loss: LK₨18.2m (down 128% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (LK₨6.16b market cap, or US$20.4m). Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: LK₨0.07 (vs LK₨5.70 loss in FY 2024) Full year 2025 results: EPS: LK₨0.07 (up from LK₨5.70 loss in FY 2024). Revenue: LK₨42.5b (up 19% from FY 2024). Net income: LK₨66.5m (up LK₨5.63b from FY 2024). Profit margin: 0.2% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: LK₨0.35 (vs LK₨0.42 loss in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.35 (up from LK₨0.42 loss in 3Q 2024). Revenue: LK₨11.7b (up 18% from 3Q 2024). Net income: LK₨343.6m (up LK₨750.9m from 3Q 2024). Profit margin: 2.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Announcement • Jan 02
Softlogic Capital PLC Announces Retirement of Ajita Mahes Pasqual as Director Softlogic Capital PLC announced that Mr. Ajita Mahes Pasqual ceased to hold office as Director of the company by retirement with effect from 31st December 2024. Subsequent to the retirement of Mr. Ajita Mahes Pasqual, the Board of Directors of Softlogic Capital PLC is as follows: Mr. A.K. Pathirage - Chairman, Non Executive Director, Mr. R.J. Perera - Non Executive Director, Mr. H.K. Kaimal - Non Independent Non Executive Director, Mr. W. S. Somasunderam - Independent Non Executive Director, Mr. N.C.A. Abeysekera - Independent Non Executive Director. Reported Earnings • Dec 14
Second quarter 2025 earnings released: LK₨0.45 loss per share (vs LK₨0.33 loss in 2Q 2024) Second quarter 2025 results: LK₨0.45 loss per share (further deteriorated from LK₨0.33 loss in 2Q 2024). Revenue: LK₨10.1b (up 19% from 2Q 2024). Net loss: LK₨435.3m (loss widened 37% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Dec 11
Softlogic Capital PLC, Annual General Meeting, Jan 06, 2025 Softlogic Capital PLC, Annual General Meeting, Jan 06, 2025, at 10:30 Sri Lanka Standard Time. Location: at the auditorium of central hospital limited, (4th floor) no.114, norris canal road, colombo 10, Sri Lanka New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 62% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.3% average weekly change). Market cap is less than US$100m (LK₨5.77b market cap, or US$19.1m). Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: LK₨0.07 (vs LK₨0.65 loss in 1Q 2024) First quarter 2025 results: EPS: LK₨0.07 (up from LK₨0.65 loss in 1Q 2024). Revenue: LK₨10.4b (up 15% from 1Q 2024). Net income: LK₨65.3m (up LK₨704.9m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 04
Full year 2024 earnings released: LK₨1.48 loss per share (vs LK₨3.52 loss in FY 2023) Full year 2024 results: LK₨1.48 loss per share (improved from LK₨3.52 loss in FY 2023). Revenue: LK₨36.8b (up 23% from FY 2023). Net loss: LK₨1.45b (loss narrowed 58% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 16
Third quarter 2024 earnings released: LK₨0.42 loss per share (vs LK₨0.59 loss in 3Q 2023) Third quarter 2024 results: LK₨0.42 loss per share (improved from LK₨0.59 loss in 3Q 2023). Revenue: LK₨9.95b (up 16% from 3Q 2023). Net loss: LK₨407.3m (loss narrowed 30% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Second quarter 2024 earnings released: LK₨0.33 loss per share (vs LK₨0.23 loss in 2Q 2023) Second quarter 2024 results: LK₨0.33 loss per share (further deteriorated from LK₨0.23 loss in 2Q 2023). Revenue: LK₨8.51b (up 18% from 2Q 2023). Net loss: LK₨318.9m (loss widened 41% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Announcement • Sep 05
Softlogic Capital PLC, Annual General Meeting, Sep 26, 2023 Softlogic Capital PLC, Annual General Meeting, Sep 26, 2023, at 10:00 Sri Lanka Standard Time. Location: Auditorium of Central Hospita Limited, No. 14, Norris Canal Roadl Colombo Sri Lanka Agenda: To receive and consider the Annual Report of the Board of Directors and the Financial Statements of the Company and of the Group for the year ended 31 March, 2023 together with the Report of the Auditors thereon; to consider re-election of Directors of the Company; to re-appoint Messrs. Ernst & Young, as Auditors and to authorize the Directors to determine their remuneration; and to authorize the Directors to determine and make Donations for the year ending 31 March 2024 and up to the date of the next Annual General Meeting. Reported Earnings • Aug 15
First quarter 2024 earnings released: LK₨0.65 loss per share (vs LK₨0.35 loss in 1Q 2023) First quarter 2024 results: LK₨0.65 loss per share (further deteriorated from LK₨0.35 loss in 1Q 2023). Revenue: LK₨9.09b (up 28% from 1Q 2023). Net loss: LK₨639.6m (loss widened 85% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Full year 2023 earnings released: LK₨2.44 loss per share (vs LK₨0.10 profit in FY 2022) Full year 2023 results: LK₨2.44 loss per share (down from LK₨0.10 profit in FY 2022). Revenue: LK₨32.7b (up 28% from FY 2022). Net loss: LK₨2.38b (down LK₨2.48b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 16
Third quarter 2023 earnings released: LK₨0.59 loss per share (vs LK₨0.38 profit in 3Q 2022) Third quarter 2023 results: LK₨0.59 loss per share (down from LK₨0.38 profit in 3Q 2022). Revenue: LK₨8.66b (up 22% from 3Q 2022). Net loss: LK₨581.3m (down 257% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Second quarter 2023 earnings released: LK₨0.23 loss per share (vs LK₨0.21 profit in 2Q 2022) Second quarter 2023 results: LK₨0.23 loss per share (down from LK₨0.21 profit in 2Q 2022). Revenue: LK₨7.23b (up 17% from 2Q 2022). Net loss: LK₨226.0m (down 212% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Executive Director Aashiq Cader Lafir was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First quarter 2023 earnings released: LK₨0.35 loss per share (vs LK₨0.05 profit in 1Q 2022) First quarter 2023 results: LK₨0.35 loss per share (down from LK₨0.05 profit in 1Q 2022). Revenue: LK₨8.52b (up 60% from 1Q 2022). Net loss: LK₨345.1m (down LK₨397.0m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 26% share price gain to LK₨6.80, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨5.90, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨4.80, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total loss to shareholders of 2.9% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to LK₨6.30, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 27% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: LK₨0.31 (vs LK₨0.12 loss in FY 2021) Full year 2022 results: EPS: LK₨0.31 (up from LK₨0.12 loss in FY 2021). Revenue: LK₨27.6b (up 35% from FY 2021). Net income: LK₨301.8m (up LK₨397.0m from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 59% share price gain to LK₨8.10, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total returns to shareholders of 61% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Executive Director Aashiq Cader Lafir was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨9.20, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 10x in the Insurance industry in Sri Lanka. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 24% share price decline to LK₨10.80, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Insurance industry in Sri Lanka. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorated over the past week After last week's 20% share price decline to LK₨13.20, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 13x in the Insurance industry in Sri Lanka. Total returns to shareholders of 148% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨0.38 (up from LK₨0.31 in 3Q 2021). Revenue: LK₨7.09b (up 27% from 3Q 2021). Net income: LK₨369.8m (up 56% from 3Q 2021). Profit margin: 5.2% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 32% share price gain to LK₨18.60, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 16x in the Insurance industry in Sri Lanka. Total returns to shareholders of 220% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 32% share price gain to LK₨18.60, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 16x in the Insurance industry in Sri Lanka. Total returns to shareholders of 220% over the past three years. Recent Insider Transactions • Jan 07
Independent Non-Executive Director recently bought LK₨896k worth of stock On the 31st of December, Weliwattage Lucille Wijewardena bought around 100k shares on-market at roughly LK₨8.96 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨7.80, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨4.70, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total loss to shareholders of 13% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS LK₨0.21 (vs LK₨0.43 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: LK₨5.66b (up 29% from 2Q 2021). Net income: LK₨201.1m (up LK₨496.5m from 2Q 2021). Profit margin: 3.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS LK₨0.05 (vs LK₨0.37 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨4.65b (up 55% from 1Q 2021). Net income: LK₨51.9m (up LK₨413.4m from 1Q 2021). Profit margin: 1.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS LK₨0.31 (vs LK₨0.35 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: LK₨4.92b (up 23% from 3Q 2020). Net income: LK₨237.5m (flat on 3Q 2020). Profit margin: 4.8% (down from 6.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 10
New 90-day low: LK₨3.60 The company is down 8.0% from its price of LK₨3.90 on 12 November 2020. The Sri Lankan market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: LK₨5.00 The company is up 14% from its price of LK₨4.40 on 08 October 2020. The Sri Lankan market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 15% over the same period. Reported Earnings • Nov 14
Second quarter 2021 earnings released: LK₨0.43 loss per share The company reported a soft second quarter result with weaker earnings and control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: LK₨4.37b (up 22% from 2Q 2020). Net loss: LK₨295.4m (down 336% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Softlogic Capital PLC (COSE:SCAP.N0000) agreed to acquire 49.67% stake in Abans Finance PLC (COSE : AFSL.N0000) from Abans Private Limited for approximately LKR 1 billion. Softlogic Capital PLC (COSE:SCAP.N0000) agreed to acquire 49.67% stake in Abans Finance PLC (COSE : AFSL.N0000) from Abans Private Limited for approximately LKR 1 billion on September 29, 2020. Under the terms, 33.1 million shares will be acquired at a price of LKR 30.1 per share. As a part of the transaction, Softlogic Capital will make a mandatory offer to minority shareholders of Abans Finance subsequent to the transaction. Immediately post the completion of the offer, Softlogic will initiate a process for amalgamation of Abans Finance into Softlogic with Softlogic being the surviving entity. The transaction is subject to all necessary shareholders approval and regulatory approvals. The transaction has been approved by the Board of both Softlogic and Abans. 
