Hemas Holdings PLC has announced a five-for-one sub-division of its ordinary shares, increasing the total number of shares in issue while maintaining the company’s stated capital.

The move follows the exercise of Employee Share Ownership Scheme (ESOS) allotments by company employees, which contributed to the rise in issued shares.

In its latest disclosure, Hemas Holdings confirmed that 597,307,400 ordinary shares will be subdivided, with each existing share being split into five new ordinary shares.

As a result, the company’s total number of shares will increase from its current level to 2,986,537,000 ordinary shares.

Despite the expansion in share volume, the company clarified that the stated capital will remain unchanged, ensuring that the share split does not impact the overall capital structure.

The sub-division is expected to enhance liquidity and improve market accessibility, making Hemas Holdings’ shares more attractive to investors. Hemas Holdings, a leading diversified conglomerate in Sri Lanka, operates across multiple sectors, including healthcare, consumer goods, and mobility.