Business
Exterminators to list on Empower Board at CSE via IPO
Exterminators Limited intends to list on the ‘Empower Board’ at the Colombo Stock Exchange via an ‘Initial Public Offering’. The issue opens on 14th March 2022. The virtual investor forum was scheduled to be held on 8th March 2022 at 3.30pm. The offer is managed by Atarah Capital Partners, a company with a track record of successfully listing three companies in the Colombo Stock Exchange in the year 2021.
Exterminators Limited intends to offer 20% of the stake via ‘Initial Public Offering’ (IPO) to raise Rs.60 million by offering 10,000,000 shares at a price of LKR 6/= per share. The prospectus and application form will be available on company’s website https://exterminators.lk/, CSE website https://www.cse.lk/ and the website of the Manager to the Issue http://atarahcapital.com/ from 2nd March 2022 onwards.
The funds raised through the IPO will be utilised to expand the Company’s branch network by setting up three branches in 2022, build capacity by investing on novel equipment/technology and improve the vehicle fleet in its existing branches in Colombo and Kandy. The company plans to setup a premier 24×7 customer care and retail center to market internationally renowned energy saving, non-chemical pest management, health and safety brands. The funds will also be utilised to expand local manufacturing by further investing in ‘Made in Sri Lanka’ products to contribute mitigating the out-flow of foreign exchange from our country.
Exterminators Limited recorded revenue of Rs.116 million and Profit After Tax (PAT) of Rs.15 million in the financial year 2020/21.
“Listing on the Colombo Stock Exchange will be an important milestone and it will help us achieve our mid-term strategic objectives in diversifying our business beyond pest management and to create an ‘Environmental Enhancement Technology Brand’. Being a listed entity will mitigate the challenges we face to move across borders in expanding our business in the emerging world via fully or partly owned branches and/or international franchising network in South Asia, South & East Africa, Middle East, Indian & Pacific Island nations. The company plans to commence its Maldives operations in 2022, Seychelles and Botswana in 2023.” Marlon Ferreira Founder/Managing Director stated.
Business
ANC Campus and Adelaide University launch new Australian study pathway for Lankan students
ANC Campus has announced the launch of a formal articulation partnership with Adelaide University at Cinnamon Lakeside, Colombo, creating a clear progression pathway for Sri Lankan students seeking an Australian university degree.
Through this pathway, students can begin their university-level studies at ANC Campus in Sri Lanka before progressing to Adelaide University in Australia, subject to the relevant academic, English language, and entry requirements. By completing the first year through ANC’s Australian Diploma pathway in Sri Lanka, students can significantly reduce the overall cost of their Australian education journey, with estimated first-year savings of up to LKR 13 million when tuition and living expenses are considered.
The launch was attended by representatives of ANC Campus, Adelaide University, and the Australian Trade and Investment Commission (Austrade), alongside members of the media, students, parents, and invited guests. Austrade’s presence highlighted the continued importance of Australia-Sri Lanka education links.
Speaking at the launch, Dayan D. L. Fernando, Chief Executive Officer of ANC Campus, said the partnership gives Sri Lankan students a credible and well-supported route into Australian higher education.
“For over two decades, ANC has worked with international university partners to help Sri Lankan students begin their global education journey with the right academic preparation and guidance. This partnership with Adelaide University gives students a clearer route to an Australian degree and gives parents greater confidence in the pathway their children are choosing,” he said.
Fernando added that international education is one of the most important decisions a family makes, and proper guidance is essential.
“At ANC, our responsibility is to guide students correctly. We must help them understand the pathway, the requirements, the destination, and the opportunities ahead. ANC prepares students for the highest likelihood of success.
Business
Union Assurance honours new batch of certified financial advisers
Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, recently hosted the SLIM Certified Financial Adviser Graduation Ceremony at its Head Office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.
The Certified Financial Adviser programme, delivered in partnership with the Sri Lanka Institute of Marketing (SLIM), the National Body of Marketing in Sri Lanka, which was designed to elevate the expertise of the company’s high performing adviser force. Spanning 11 comprehensive modules covering areas such as Advanced Consultative Selling Skills, Negotiation Mastery, Digital Prospecting Techniques, and Emotional Resilience in Sales, participants underwent a rigorous learning journey that concluded with a formal assignment, bringing the full cohort to completion.
The programme reflects Union Assurance’s commitment to ensuring its advisers are positioned to serve customers with confidence, credibility, and genuine understanding of their needs; values that are central to the company’s purpose of protecting what matters most. The SLIM qualification also opens a structured educational pathway for graduates, with opportunities to advance through further nationally recognised certifications.
Speaking at the ceremony, Chief Agency Officer at Union Assurance, Imtiyaz Aniff stated: “We are pleased to recognise the dedication of our people who committed to this programme alongside their core responsibilities. The SLIM certification equips our advisers with the skills and credentials to serve our customers at a higher standard, and that directly supports the quality of advice we deliver. We look forward to seeing this cohort carry forward what they have learned and continue to grow in their careers.”
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 45.6 Bn and a Life Fund of Rs. 92.8 Bn as of end December 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.
Business
HNB Life Celebrates Leadership Excellence with Fourth Consecutive ‘Company with Great Managers’ Recognition
HNB Life continues to strengthen its position as one of Sri Lanka’s most people centric organizations, securing the prestigious Company with Great Managers recognition for the fourth consecutive year at the Great Manager Awards 2025. Seven of its outstanding leaders, Alan Baker, Rangamal Bandara, N. Galagedera, Lalith Hapangama, Ruwan Chandana, Hiran Chandimal, and Shanil De Silva, were individually recognized at the Great Manager Awards 2025, highlighting the depth of leadership excellence across the organization.
The recognition comes at a defining moment in the Company’s journey, as HNB Assurance evolves into HNB Life, marking a bold new chapter built on a 25 year legacy of trust.
Commenting on the achievement, Executive Director / Chief Executive Officer of HNB Life, Lasitha Wimalaratne stated, “Firstly, I would like to extend my heartfelt congratulations to all our Great Manager Award winners. Being named a ‘Company with Great Managers’ for the fourth consecutive year is a proud reflection of the strength and consistency of our leadership culture. As we embrace our transformation into HNB Life, this recognition holds even greater significance. As we aspire to grow and reach new heights, it is this strong foundation of leadership that will continue to guide our journey.”
Executive Vice President / Chief People Officer, Navin Rupasinghe, added,”Our culture has always been our greatest differentiator. This recognition reflects the environment we have created, one where individuals feel valued, supported, and inspired to grow.”
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