Exterminators holds first AGM

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

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, held its first Annual General Meeting (AGM) upon listing on the Colombo Stock Exchange on March 30, 2022. 
The Exterminators PLC shareholders approved all proposals at the hybrid AGM held on August 30, 2022, which included re-electing Dr. Nihal Attygalle and Suhaniya Ferreira as Non-Executive Non-Independent Directors and Travis Ferreira as 
Executive Director. 
The annual review and 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. 

The overall dividend payout for the financial year 21/22 is 30 percent value Rs.8.02 million. The dividend represented an increase of 89 percent 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 one per 17.52 shares issued upon the 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,” Exterminators PLC Chairman Chaaminda Ratnayake 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 recognised as a leader in innovation, technology, sustainability and governance in Sri Lanka and the emerging world. Smart Missile, the world’s first carbon neutral termite station, was exported to the Seychelles and the Smart Guard termiticide replenishment system was installed at Velana International Airport, Maldives. These products were designed, developed and manufactured by Exterminators,” Founder/Managing Director Marlon Ferreira stated.