Property Development appoints Kumara Bandara as Non-Executive Chairman

The Board of Property Development PLC has decided to appoint Dugganna Mudiyanselage Prabhath Renuka Kumara Bandara, Non-Executive / Independent Director as the new Non-Executive Chairman of the company with effect from October 23, 2018, under provisions of Article 95 of the Articles of Association of the Company.

Further, D.M.P.R.K. Bandara does not hold shares in the company since the date of his appointment.