AGM rush to trouble investors this week

Investors holding shares in multiple companies will once again be faced with the difficult choice of picking to which meeting to attend, as a torrent of Annual General Meetings (AGMs) are scheduled to take place this week.

A total of 59 AGMs have been scheduled for the week, culminating on Friday the 29th, when a total of 27 AGMs will be held, several of them simultaneously.

This week’s AGM cycle kicks off from June 25, with meetings held by Hunnas Falls Hotels PLC, Asian Hotels and Properties PLC and Hayleys MGT Knitting Mills PLC.

Subsequently, companies such as Amaya Leisure PLC, Ceylon Cold Stores PLC, Trans Asia Hotels PLC, John Keells PLC, Galadari Hotels (Lanka) PLC and C.W. Mackie PLC will host AGMs on 26th and 27th.

Included amongst companies to hold AGMs on the 28th are Nawaloka Hospitals PLC, Aitken Spence PLC, Aitken Spence Hotel Holdings PLC, United Motors Lanka PLC, Abans Finance PLC, Kahawatte Plantations PLC and Lankem Developments PLC.

Finally, on the 29th, CIC Holdings PLC, Royal Ceramics Lanka PLC, Chemanex PLC, DFCC Bank, Diesel & Motor Engineering PLC, John Keells Holdings PLC, People’s Finance PLC, L B Finance PLC, Richard Pieris Exports PLC, Colombo Land and Development Company PLC, Watawala Plantations PLC and Carson Cumberbatch PLC, will be amongst several others hosting AGMs.

Clashing schedules are likely to cause difficulties to investors who have in the past complained about the hectic pace at which these AGMs are held.