Exterminators holds first AGM | Daily News

Exterminators holds first AGM

From left Marlon Ferreira, Managing Director, Chaaminda Ratnayake, Chairman, Travis Ferreira, Executive Director
From left Marlon Ferreira, Managing Director, Chaaminda Ratnayake, Chairman, Travis Ferreira, Executive Director

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company held their first Annual General Meeting upon listing on the Colombo Stock Exchange on March 30.

Exterminators PLC shareholders approved all proposals at the hybrid AGM held on August 30,2022, this included reelecting Dr. Nihal Attygalle and Suhaniya Ferreira as non-executive non independent directors and Travis Ferreira as ‘Executive Director’

The annual review and the financial statements were approved, as were the proposed final dividend of Rs. 0.07 per share for the financial year 2021/22. The payment date would be September 30, 2022. Overall dividend payout for the financial year 21/22 is 30% value Rs.8.02 million. The dividend represented an increase of 89% over the previous year’s dividend payout. The company plans to capitalize Rs.17.4 million to increase its stated capital to Rs.100 million in the proportion of 1 per 17.52 shares will be issued upon CSE approval.

“We carved a unique niche within the industry as an environmental management company which extends its services beyond the realms of pest control. As a growth oriented business we hope to explore market development strategies by venturing across borders with global expansion,” Chaaminda Ratnayake – Chairman Exterminators PLC, stated.

“Way back in 1998, we embarked on our journey to build a brand to determine our own destiny with an initial investment of Rs.75,000. Today we are recognized as a leader in innovation, technology, sustainability and governance in Sri Lanka and the emerging world.

We are planning to move across borders throughout emerging and developing markets to colonize our proven and recognized business model to help communities to enhance living standards in South Asia, Southeast Asia, Central Asia, Middle East, Africa and pacific island nations via direct investment, joint ventures, and international franchising. Our success story thus far epitomizes an entrepreneurial mindset and a strong conviction which has been guided by strong values,” Marlon Ferreira, the Founder/Managing Director stated.

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