Dhammika to remove three directors at Hayleys after taking 30% of the shares !

Transport Ministry Secretary Dhammika Perera after taking over 30% of the shares of Hayleys together with his business associate, Managing Director of Lanka Ceramics Company, Nimal Perera is looking at removing three independent directors in the company's board with immediate effect.

In such a background, the three independent directors have decided not to contest for the posts at the next annual general meeting.


Dhammika Perera's side has said the current board of directors has not provided any service to the company and that they have planned to introduce a new programme to promote and develop the company in future.

Current Chairman of Hayleys, Mohan Panditharatne has remained silent over the whole internal clash.

The Hayleys Company was managed all these years by the Jayasundera Trust and the Chairman and directors were given the complete freedom to act as they wished.

Dhammikla Perera brought over 30% of the shares at Hayleys last January. In order to take over the remaining shares, Dhammika Perera has made a mandatory offer of Rs. 380 per share to take over the 9% shares with the Jayasundera Trust and 9% of the shares vested with other share holders.