Sri Lanka's markets regulator has imposed a one-year 'lock-in' period for the sales of shares given to private equity investors in a company before a listing, a statement said.
Shares allotted to investors within a period of one year prior to listing on the Colombo Stock Exchange shall be locked-in for a year from the date of allotment of such shares, the statement from the Securities and Exchange Commission said.
The Colombo Stock Exchange listing rules have been changed with the new rule applicable to firms which list on the CSE after April 01, 2011, it said.
The CSE expects a flood of share issues this year after the market rose to record highs on the back of improved economic growth and corporate earnings with the end of the island's 30-year ethnic war in 2009.Related Info :
• Colombo Stock Exchange All Time High. All Share Price Index Closed at 7,193.10
• Sri Lanka Tops Returns for Equity Markets around the World in 2010
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