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Prime Lands announces virtual investor forum for upcoming IPO

27 Apr 2021

Prime Lands Residencies, the condominium property arm of Prime Group, announced it will be hosting a virtual investor forum for its upcoming Initial Public Offering (IPO). Open to investors and market participants, the Prime Lands Residences Virtual Investor Forum will be held via Zoom on 28 April 2021, from 4.00pm onwards. The IPO for Prime Lands Residencies will issue 100 million Ordinary Voting Shares, with an option to issue a further 87.5 million Ordinary Voting Shares via an offer for subscription at Rs. 10.40 per share. Acuity Partners (Pvt.) Ltd. will act as the sole manager and financial advisor to the IPO, which is scheduled to take place on 11 May 2021. The virtual investor forum will serve to share further details on the IPO, for which interested parties may register via the micro site www.ipo.primeresidencies.lk, or by giving a missed call to 1353, through which they will have the opportunity to view the IPO prospectus and relevant applications.

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