Vidullanka conclude the Extraordinary General Meeting

The Extraordinary General Meeting of the Vidullanka PLC was held on 5th May 2021 via Zoom, to approve the rights issue of non-voting shares. The shareholders of the company unanimously approved the resolutions presented. Accordingly, the rights shall commence trading on 19th May 2021 and the last date of renouncing to the CDS will be on 28th May 2021. The last date acceptance of the payment will be on 31 May 2021.

The company expects to raise Rs. 250mn from the issue with the objective of investing in developing Ground mounted solar power projects and rooftop solar power projects. The company already have 33MW of Hydro power plants, 3.3MW of Dendro and 750kW of Roof top solar power plants in its portfolio.

The Circular to the shareholders pertaining to the issue could be found here.