Investor capital

We have nurtured quality relationships with our investors. Our investors constitute individuals and institutions that provide us with financial capital, seeking reciprocal returns for the short, medium, and long-term. Through the interaction of various forms of financial and non-financial capital, we create value for the Company and in turn deliver value to our key stakeholders. Our relationship with our investors is one of mutual trust and accountability.

Shareholder profile

The two main shareholders of Sri Lanka Telecom PLC (SLT) as at the year end were the Government of Sri Lanka (holding a 49.50% stake in SLT through the Secretary to the Treasury) and Global Telecommunications Holdings (GTH) N.V. which owned a stake of 44.98%. The remainder of 5.52% constitute the shares that are publicly traded on the Colombo Stock Exchange.

Government of Sri Lanka

As the primary shareholder of SLT, the Government of Sri Lanka offers many consumers a feeling of reassurance and confidence in the products and services we offer. They are thus ensured of superior quality and levels of service. This position is further meliorated by SLT’s long-standing role as a figurehead in the telecommunications sector; and its current position as the national ICT service provider, and ICT services provider.

Global Telecommunication Holdings N.V.

Global Telecommunication Holdings N.V. is the holding company of Maxis, the Malaysia-based telecommunication company. Maxis provides technical and telecommunication expertise to SLT.

Stability

The stability and long-term viability of SLT is of supreme importance, not just for our shareholders but for the entire country. Our ratings are sound, as detailed below:

Fitch rating

National long-term rating of AAA(lka).

Standard and Poor's rating

Long-term corporate credit rating of B+.

Investor relations

SLT briefs its shareholders and associated parties on performance through numerous means. These include, but are not limited to: press releases, release of interim financial results, the Annual General Meeting, our web portal, and announcements on the Colombo Stock Exchange. SLT’s Annual Report offers comprehensive details on all relevant financial and non-financial information.

Distribution of shares

	Resident			Non-resident			Total
Shareholdings	No. of shareholders	No. of shares	(%)	No. of shareholders	No. of shares	(%)	No. of shareholders	No. of shares	(%)
1 – 1,000 shares	9,677	2,907,550	0.16	15	5,847	0.00	9,692	2,913,397	0.16
1,001 – 10,000 shares	2,291	9,003,371	0.50	23	115,490	0.01	2,314	9,118,861	0.51
10,001 – 100,000 shares	218	4,743,067	0.26	7	228,134	0.01	225	4,971,201	0.27
100,001 – 1,000,000 shares	6	1,041,065	0.06	1	179,407	0.01	7	1,220,472	0.07
Over 1,000,000 shares	8	974,878,200	54.01	1	811,757,869	44.98	9	1,786,636,069	98.99
	12,200	992,573,253	54.99	47	812,286,747	45.01	12,247	1,804,860,000	100.00

Categories of shareholders

Category	No. of shareholders	No. of shares
Individual	12,114	16,034,991
Institution	133	1,788,825,009
	12,247	1,804,860,000

List of 20 major shareholders as at 31 December 2017

	Name	Shareholding	(%)
1.	Secretary to the Treasury	893,405,709	49.50
2.	Global Telecommunications Holdings NV	811,757,869	44.98
3.	Employees Provident Fund	25,324,104	1.40
4.	Bank of Ceylon A/C Ceybank Unit Trust	18,426,582	1.02
5.	Sri Lanka Insurance Corporation Ltd-Life Fund	17,713,735	0.98
6.	National Savings Bank	13,158,700	0.73
7.	Employees Trust Fund	3,302,188	0.18
8.	Sri Lanka Insurance Corporation Ltd-General Fund	2,041,538	0.11
9.	Bank of Ceylon A/C Ceybank Century Growth Fund	1,505,644	0.08
10.	The Incorporated Trustees of the Church of Ceylon	223,590	0.01
11.	Bank of Ceylon No. 1 Account	214,000	0.01
12.	Pinnacle Trust (Pvt) Limited	183,984	0.01
13.	Elgin Investment Limited	179,407	0.01
14.	Ceylon Biscuits Limited	162,000	0.01
15.	People's Leasing & Finance PLC / Mr C N Jayasooriya	150,000	0.01
16.	Sinharaja Hills Plantation Pvt Limited	107,491	0.01
17.	Mr Tanaka	100,000	0.01
18.	Mrs Edirisinghe	100,000	0.01
19.	Mr Van Starrex	97,638	0.01
20.	Mr Weerasinghe	70,000	0.00
		1,788,224,179	99.08

Float adjusted Market Capitalisation as at 31 December 2017 – Rs. 2.83 billion.
Percentage of public holding as at 31 December 2017 – 5.52%.
Number of shareholders representing the public holding as at 31 December 2017 – 12,245.

Share price trend

	2017	2016	2015	2014	2013	2012	2011	2010
Highest value (Rs.)	36.70	46.40	54.90	57.30	50.00	50.00	64.50	51.00
Lowest value (Rs.)	27.00	31.20	43.00	33.33	36.10	34.00	44.00	35.00
Last traded price (Rs.)	28.50	36.00	47.00	49.90	37.00	44.50	48.00	49.00
Market capitalisation (Rs. billion)	51.43	64.97	84.83	90.00	66.78	80.32	86.63	88.44

Trading activity

	2017	2016
No. of transactions	3,149	3,328
No. of shares traded	1,463,787	3,082,282
Value of shares traded (Rs.)	46,137,965	112,724,951.40

Highlights

	2017	2016
Earnings per share (Rs.)	2.18	2.65
Net assets per share (Rs.)	39.56	38.05
Gearing ratio (Debt to Rs. 1/- of total equity)	0.37	0.32
Quick asset ratio (No. of times current liabilities)	0.48	0.57
Interest cover (Earnings before interest and taxes divided by interest expense)	2.02	4.53
Dividend payout ratio (%)	40.8	33.5
Dividend per share (Rs.)	0.89	0.89