Sri Lanka Consolidated Acts

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The Associated Newspapers of Ceylon, Limited (Special Provisions) Law (No. 28 of 1973) - Sect 4

Compensation in respect of shares of the company which are vested in the Public Trustee

4. Compensation in respect of each share of the company which vests in the Public Trustee by virtue of the operation of the provisions of section 2 shall be paid by the Public Trustee on behalf of the Government to the person who was the holder of that share of the company immediately prior to the appointed date, at a price to be determined by reference to-
(a) the par value of such share;
(b) the price at which the most recent transaction in respect of such shares took place before that day between the holders of such shares; and
(c) the liquidator's valuation of such share.

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