Durdens Hospital proposes four-for-one share split

DURDENS Hospital, or Ceylon Hospitals PLC, yesterday said its Board of Directors has resolved to recommend a subdivision of its ordinary voting and ordinary nonvoting shares, subject to regulatory and shareholder approvals.

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The decision was taken at a Board meeting held on 6 January. Under the proposal, each existing ordinary voting share will be subdivided into four ordinary voting shares, while each existing ordinary nonvoting share will be subdivided into four ordinary nonvoting shares.