The shares of Exterminators Limited (CODE: EXT-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on the 30th March 2022. The shares have been listed on the Empower Board of the CSE under the “2022 – Commercial & Professional Services” sector. The occasion was marked with a special Bell Ringing Ceremony.
Representing Exterminators Limited, Chairman/Non-Executive Independent Director, Mr. Chaaminda Ratnayake; Managing Director, Mr. Marlon Ferreira; Non-Executive Non-Independent Director, Ms. Suhaniya Pelpola; Director-Business Development, Mr. Travis Ferreira; Manager-Operation & Compliance, Ms. Shehani De Waas; Manger – HR and Administration, Ms. Anjela Perera; and Assistant Customer Relationship Manager, Mr. Haaziq Nazaar.
Financial advisor and manager to the issue, Atarah Capital Partners (Pvt) Ltd Managing Director Mr. Rohan Senewiratne; Vice President -Investment Banking, Mr. Chandana Wijesundara; and Assistant Vice President-Investment Banking, Mr. Kalhara Kathriarachchi represented the event.
The CSE was represented at the event by its Chief Regulatory Officer, Mr. Renuke Wijyawardhane; Senior Vice President-Legal, Ms. Renu Ranatunga, and the CSE Senior Management.
Speaking at the ceremony, the CRO of the CSE, Mr. Renuke Wijayawardhane, congratulated Exterminators on its initiative to go public.
“Listing on the CSE is a very important milestone for any corporate in the country. And the Exterminators Limited can be extremely happy and proud that you all have achieved this milestone, within a relatively short period. Facilitating capital formation is one of our main objectives. We at CSE encourage corporates that are of different sizes, coming from diverse sectors and business models to raise capital through the CSE. We have been making our listing regime flexible to facilitate new listings over the past few years by changing our rules on listing criteria, the process, the timelines, and disclosure requirements,” he said.
Commenting on the company’s progress, Mr. Wijayawardhane added, “Exterminators Limited is one of the leading companies in this field. They are a leading player with a diverse range of clients, both local and foreign. We see that the company has been recognized with nearly 60 accolades. With corporates such as this representing different sectors being listed, the CSE can expand on its portfolio of listed companies, giving the investing public a wider choice to invest in. We would like to wish all success to Exterminators Limited in your journey as a listed company”.
Speaking at the event, the Managing Director of Exterminators Limited, Mr. Marlon Ferreira, commented, “It’s a historical moment for all of us at Exterminators, the pest control industry in Sri Lanka and the pest control industry in South Asia. We are the first pest control company to be listed in this region. I take this opportunity to thank the CSE for introducing the Empower Board for the SME sector in Sri Lanka and Atarah Capital Partners (Pvt) Ltd for guiding us during the process of listing. I would like to thank all our employees – past and present – all our customers and stakeholders who helped us during this 24-year journey. Finally, I’m so grateful to the investors who believed in us and trusted us during these challenging times. Today, we made a promise that we will exceed all expectations of our stakeholders while adhering to the CSE principles in the years to come”.
Exterminators Limited is a premier pest management and environmental enhancement technology company in Sri Lanka with over twenty-three years of experience. At present, the operations are carried out from two branches located in Colombo and Kandy in Sri Lanka. Over the past few years, Exterminators Limited has served more than 8,000 clients, both in the residential and commercial sectors. Exterminators also have a presence in the Maldives & Seychelles.
Colombo Stock Exchange (CSE):
The Colombo Stock Exchange (CSE) operates the only stock market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together. The CSE is a company that is limited by guarantee established under the Laws of Sri Lanka.
The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and is a mutual exchange consisting of 15 Members and 13 Trading Members. All Members and Trading Members are licensed by the SEC to operate as Stockbrokers. For more information, please visit: www.cse.lk.