Two Carson Group companies announce share buybacks

Two investment subsidiaries of Carson Group yesterday announced share buybacks at prices significantly higher than existing market prices. 
Accordingly, Ceylon Investment PLC is offering to buy up to 993, 511 shares at Rs.102.70, up from yesterday’s closing price of Rs.54, while Ceylon Guardian Investment Trust PLC is offering to buy up to 493, 225 shares (both ordinary shares and differed shares) at Rs.204.01, up from yesterday’s closing price of Rs.109.25.
The two companies will spend little over Rs.200 million buying back their own shares. 
As at September 30, 2021, the net assets per share of Ceylon Guardian Investment Trust was Rs.182.73 and the net asset per share of Ceylon Investment was Rs.90.36.