The Bank had 10,615 ordinary voting shareholders and 4,437 ordinary non-voting shareholders as at December 31, 2018 compared to 9,812 and 4,320 voting and non-voting shareholders as at December 31, 2017 (Tables 5.1 and 5.2 on page 363). With three new investors joining ranks, the percentage of ordinary voting shares held by the 20 largest shareholders increased to 70.23% from 67.32% in 2017. A rise was also recorded in the non-voting ordinary shares held by the 20 largest shareholders from 34.83% in 2017 to 46.90% in 2018.
Number of ordinary shareholders Table – 48
|
2018 |
2017 |
Voting shareholders |
10,615 |
9,812 |
Non-voting shareholders |
4,437 |
4,320 |
Total |
15,052 |
14,132 |
5.1 Composition of shareholders Table – 49
|
As at December 31, 2018 |
As at December 31, 2017 |
|
No. of
shareholders |
% |
No. of shares |
% |
No. of
shareholders |
% |
No. of shares |
% |
Ordinary shares – Voting |
|
|
|
|
|
|
|
|
Resident |
10,336 |
97.37 |
640,513,129 |
67.73 |
9,524 |
97.06 |
614,635,782 |
65.95 |
Non-resident |
279 |
2.63 |
305,196,274 |
32.27 |
288 |
2.94 |
317,335,909 |
34.05 |
Total |
10,615 |
100.00 |
945,709,403 |
100.00 |
9,812 |
100.00 |
931,971,691 |
100.00 |
Individuals |
10,055 |
94.72 |
203,708,919 |
21.54 |
9,260 |
94.37 |
186,657,813 |
20.03 |
Institutions |
560 |
5.28 |
742,000,484 |
78.46 |
552 |
5.63 |
745,313,878 |
79.97 |
Total |
10,615 |
100.00 |
945,709,403 |
100.00 |
9,812 |
100.00 |
931,971,691 |
100.00 |
|
|
|
|
|
|
|
|
|
Ordinary shares – Non-voting |
|
|
|
|
|
|
|
|
Resident |
4,360 |
98.26 |
49,852,293 |
76.68 |
4,243 |
98.22 |
47,078,661 |
73.64 |
Non-resident |
77 |
1.74 |
15,160,881 |
23.32 |
77 |
1.78 |
16,848,950 |
26.36 |
Total |
4,437 |
100.00 |
65,013,174 |
100.00 |
4,320 |
100.00 |
63,927,611 |
100.00 |
Individuals |
4,221 |
95.13 |
34,430,243 |
52.96 |
4,102 |
94.95 |
34,197,527 |
53.49 |
Institutions |
216 |
4.87 |
30,582,931 |
47.04 |
218 |
5.05 |
29,730,084 |
46.51 |
Total |
4,437 |
100.00 |
65,013,174 |
100.00 |
4,320 |
100.00 |
63,927,611 |
100.00 |
5.2 Distribution schedule of number of holders and percentage of holding in each class of equity securities
(As per Rule No. 7.6 (x) of the Listing Rules of CSE) Table – 50
|
As at December 31, 2018 |
As at December 31, 2017 |
|
Number of
shareholders |
% |
Number of
shares |
% |
Number of
shareholders |
% |
Number of
shares |
% |
Ordinary shares – Voting |
|
|
|
|
|
|
|
|
1 – 1,000 |
5,619 |
52.93 |
1,269,681 |
0.13 |
5,003 |
50.99 |
1,118,801 |
0.12 |
1,001 – 10,000 |
3,241 |
30.53 |
11,833,928 |
1.25 |
3,091 |
31.50 |
11,273,062 |
1.21 |
10,001 – 100,000 |
1,435 |
13.52 |
41,064,271 |
4.34 |
1,411 |
14.38 |
40,094,004 |
4.30 |
100,001 – 1,000,000 |
244 |
2.30 |
68,631,856 |
7.26 |
233 |
2.38 |
65,888,648 |
7.07 |
Over – 1,000,000 |
76 |
0.72 |
822,909,667 |
87.02 |
74 |
0.75 |
813,597,176 |
87.30 |
Total |
10,615 |
100.00 |
945,709,403 |
100.00 |
9,812 |
100.00 |
931,971,691 |
100.00 |
|
|
|
|
|
|
|
|
|
Ordinary shares – Non-voting |
|
|
|
|
|
|
|
|
1 – 1,000 |
2,462 |
55.49 |
580,673 |
0.89 |
2,349 |
54.38 |
557,060 |
0.87 |
1,001 – 10,000 |
1,363 |
30.72 |
4,597,203 |
7.07 |
1,354 |
31.34 |
4,608,957 |
7.21 |
10,001 – 100,000 |
514 |
11.58 |
14,812,051 |
22.78 |
518 |
11.99 |
14,886,791 |
23.29 |
100,001 – 1,000,000 |
92 |
2.07 |
23,303,602 |
35.84 |
91 |
2.11 |
22,204,420 |
34.74 |
Over – 1,000,000 |
6 |
0.14 |
21,719,645 |
33.42 |
8 |
0.18 |
21,670,383 |
33.89 |
Total |
4,437 |
100.00 |
65,013,174 |
100.00 |
4,320 |
100.00 |
63,927,611 |
100.00 |
5.3 The names,number and percentage of shares held by the twenty largest shareholders (As per Rule No. 7.6 (iii) of the Listing Rules of CSE)
Voting shareholders Table – 51
As at December 31, |
2018 |
2017* |
Ordinary shares voting |
Number of
shares |
% |
Number of
shares |
% |
1. |
DFCC Bank PLC A/C 1 |
128,215,649 |
13.56 |
126,930,224 |
13.62 |
2. |
Employees’ Provident Fund |
91,090,278 |
9.63 |
89,933,984 |
9.65 |
3. |
Mr Y S H I Silva |
76,373,675 |
8.08 |
70,742,605 |
7.59 |
4. |
Deutsche Bank AG Singapore – DSS A/C NT Asian Discovery Master Fund |
53,948,136 |
5.70 |
53,263,322 |
5.72 |
5. |
Melstacorp PLC |
43,550,677 |
4.61 |
41,516,889 |
4.45 |
6. |
Sri Lanka Insurance Corporation Ltd. – Life Fund |
42,927,124 |
4.54 |
46,620,431 |
5.00 |
7. |
CB NY S/A International Finance Corporation |
41,974,991 |
4.44 |
41,442,164 |
4.45 |
8. |
Sri Lanka Insurance Corporation Ltd. – General Fund |
36,911,420 |
3.90 |
40,087,155 |
4.30 |
9. |
Citibank New York S/A Norges Bank A/C 2 |
18,395,709 |
1.95 |
– |
– |
10. |
Employee’s Trust Fund Board |
16,783,623 |
1.77 |
15,579,452 |
1.67 |
11. |
BNYMSANV RE-LF Ruffer Absolute Return Fund |
16,625,393 |
1.76 |
16,414,352 |
1.76 |
12. |
Mrs L E M Yaseen |
15,765,606 |
1.67 |
17,008,550 |
1.83 |
13. |
HSBC International Nominees Ltd. – JPMCB T ROWE New Asia Fund |
14,922,939 |
1.58 |
14,990,626 |
1.61 |
14. |
BNYMSANV RE – First State Investments ICVC – Stewart Investors Indian Subcontinent Fund |
12,243,878 |
1.29 |
9,897,978 |
1.06 |
15. |
HSBC International Nominees Ltd. – SSBT – BMO Investments II (Ireland)
Public Limited Company |
9,989,558 |
1.06 |
9,862,752 |
1.06 |
16. |
HSBC International Nominees Ltd. – BPSS LUX – Aberdeen Global Asia Pacific Equity Fund |
9,566,382 |
1.01 |
9,444,947 |
1.01 |
17. |
Mr M J Fernando |
9,036,300 |
0.96 |
– |
– |
18. |
HSBC International Nominees Ltd. – SSBT – Morgan Stanley Asset Management SA –
Galaxy Fund |
8,904,006 |
0.94 |
14,181,819 |
1.52 |
19. |
Renuka Hotels Limited |
8,513,584 |
0.90 |
– |
– |
20. |
HSBC International Nominees Ltd. – JPMLU – T ROWE price SICAV |
8,465,919 |
0.90 |
9,503,641 |
1.02 |
|
Sub total |
664,204,847 |
70.23 |
627,420,891 |
67.32 |
|
Other shareholders |
281,504,556 |
29.77 |
304,550,800 |
32.68 |
|
Total |
945,709,403 |
100.00 |
931,971,691 |
100.00 |
* Comparative shareholdings as at December 31, 2017 of the twenty largest shareholders as at December 31, 2018.
Percentage of public holding of voting shares as at December
31
, 2018 was
99.77
% (
99.71
% as at December
31
, 2017).
(As per Rule No. 7.6 (iv) of the Listing Rules of the CSE).
Number of shareholders representing public holding as at December
31
, 2018 –
10,580
(9,780 as at December
31
, 2017).
(As per Rule No. 7.13.1 of the Listing Rules of the CSE).
Non-voting shareholders Table – 52
As at December 31, |
2018 |
2017* |
Ordinary shares non-voting |
Number of
shares |
% |
Number of
shares |
% |
1. |
Citi Bank Newyork S/A Norges Bank Account No. 02 |
9,990,652 |
15.37 |
6,428,323 |
10.06 |
2. |
Employees’ Trust Fund Board |
5,057,600 |
7.78 |
4,656,784 |
7.28 |
3. |
Akbar Brothers (Pvt) Ltd. A/C No.01 |
2,411,894 |
3.71 |
689,509 |
1.08 |
4. |
GF Capital Global Limited |
1,680,841 |
2.59 |
1,627,959 |
2.55 |
5. |
BNYMSANV RE-Butterfield Trust (Bermuda) Limited |
1,466,494 |
2.26 |
1,442,008 |
2.26 |
6. |
M J F Exports (Pvt) Ltd. |
1,112,164 |
1.71 |
1,093,594 |
1.71 |
7. |
Mr M F Hashim |
920,197 |
1.42 |
904,832 |
1.42 |
8. |
Saboor Chatoor (Pvt) Ltd. |
887,700 |
1.37 |
872,800 |
1.37 |
9. |
Mrs L V C Samarasinha |
874,514 |
1.35 |
750,000 |
1.17 |
10. |
Union Assurance PLC/No – 01A/C |
661,016 |
1.02 |
649,979 |
1.02 |
11. |
Mr T W A Wickramasinghe |
645,000 |
0.99 |
522,000 |
0.82 |
12. |
Mr J D Bandaranayake, Ms N Bandaranayake & Dr V Bandaranayake (Joint) |
618,135 |
0.95 |
– |
– |
13. |
Mr J D Bandaranayake, Dr V Bandaranayake & Ms I Bandaranayake (Joint) |
615,863 |
0.95 |
– |
– |
14. |
Mr R Gautam |
574,560 |
0.88 |
495,200 |
0.77 |
15. |
Mr G R Mallawaaratchy & Mrs B G P Mallawaaratchy (Joint) |
545,175 |
0.84 |
536,072 |
0.84 |
16. |
Northern Trust Company S/A Polar Capital Funds PLC |
527,557 |
0.81 |
718,286 |
1.12 |
17. |
Mr K S M De Silva |
520,176 |
0.80 |
442,974 |
0.69 |
18. |
Mr J G De Mel |
473,519 |
0.73 |
– |
– |
19. |
Mr A P Somasiri |
455,000 |
0.70 |
– |
– |
20. |
Mr A L Gooneratne |
437,717 |
0.67 |
430,409 |
0.67 |
|
Sub total |
30,475,774 |
46.90 |
22,260,729 |
34.83 |
|
Other shareholders |
34,537,400 |
53.10 |
41,666,882 |
65.17 |
|
Total |
65,013,174 |
100.00 |
63,927,611 |
100.00 |
* Comparative shareholdings as at December 31, 2017 of the twenty largest shareholders as at December 31, 2018.
Percentage of public holding of non-voting shares as at December
31
, 2018 was
84.41
% (
89.66
% as at December
31
, 2017).
(As per Rule No. 7.6 (iv) of the Listing Rules
of the CSE).
Number of shareholders representing public holding as at December 31, 2018 – 4,427 (4,309 31, 2017). (As per Rule No. 7.13.1 of the Listing Rules of the CSE).
5.4 Directors’ shareholding including the Chief Executive Officer’s shareholding (As per Rule No. 7.6 (v) of the Listing Rules of CSE) Table – 53
|
Ordinary shares – Voting |
Ordinary shares – Non-voting |
|
2018 |
2017 |
2018 |
2017 |
Mr K G D D Dheerasinghe – Chairman |
23,870 |
23,567 |
Nil |
Nil |
Mr M P Jayawardena – Deputy Chairman |
Nil |
Nil |
Nil |
Nil |
Mr. S Renganathan – Managing Director/Chief Executive Officer* |
323,903 |
319,792 |
11,916 |
11,718 |
Mr S Swarnajothi |
Nil |
Nil |
10,944 |
10,762 |
Prof A K W Jayawardane |
Nil |
Nil |
Nil |
Nil |
Mr K Dharmasiri |
Nil |
Nil |
Nil |
Nil |
Mr L D Niyangoda |
Nil |
Nil |
Nil |
Nil |
Ms N T M S Cooray |
190,000 |
Nil |
50,575 |
49,731 |
Mr G S Jadeja |
Nil |
Nil |
Nil |
Nil |
Mr T L B Hurulle |
Nil |
Nil |
Nil |
Nil |
Justice K Sripavan |
Nil |
Nil |
Nil |
Nil |
Mr S C U Manatunga** |
57,553 |
144,693 |
Nil |
Nil |
*Appointed as MD/CEO w.e.f. July 27, 2018
**Appointed as Executive Director w.e.f. July 27, 2018