Exterminators Limited debuts trading on the CSE

The shares of Exterminators Limited(CODE: EXT-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on the 30th March 2022. The shares have been listed on the Empower Board of the CSE under the “2022 – Commercial & Professional Services” sector. The occasion was marked with a special Bell Ringing Ceremony.

Representing Exterminators Limited, Chairman/Non-Executive Independent Director Mr. Chaaminda Ratnayake, Managing Director Mr. Marlon Ferreira, Non-Executive Non-Independent Director Ms. SuhaniyaPelpola, Director-Business Development Mr. Travis Ferreira, Manager-Operation & Compliance Ms. Shehani De Waas, Manger-HR and Administration Ms. Anjela Perera and Assistant Customer Relationship Manager Mr. HaaziqNazaar.Financial advisor and manager to the issue, Atarah Capital Partners (pvt) Ltd Managing Director Mr. Rohan Senewiratne, Vice President-Investment Banking Mr. Chandana Wijesundara, and Assistant Vice President-Investment Banking Mr. KalharaKathriarachchi represented the event.

The CSE was represented at the event byits Chief Regulatory Officer, Mr. Renuke Wijyawardhane,Senior Vice President-Legal, Ms. Renu Ranatunga,and the CSE Senior Management.

Speaking at the ceremony, the CRO of the CSE, Mr. Renuke Wijayawardhane, congratulated Exterminators on its initiative to go public. “Listing on the CSE is a very important milestone for any corporate in the country. And the Exterminators Limited can be extremely happy and proud that you all have achieved this milestone, within a relatively short period. Facilitating capital formation is one of our main objectives.  We at CSE encourage corporates that are of different sizes, coming from diverse sectors and business models to raise capital through the CSE. We have been making ourlisting regime flexible to facilitate new listings over the past few years by changing our rules on listing criteria, the process, the timelines, and disclosure requirements.”

Commenting on the company’s progress, Mr. Wijayawardhane added, “ExterminatorsLimited is one of the leading companies in this field.They are a leading player with a diverse range of clients, both local and foreign. We see that the company has been recognized with nearly 60 accolades. With corporates such as this representing different sectorsbeing listed, the CSE can expand on its portfolio of listed companies, giving the investing public a wider choice to invest in. We would like to wish all success to Exterminators Limited in your journey as a listed company.”

Speaking at the event, the Managing Director of Exterminators Limited, Mr. Marlon Ferreira, commented, “It’s a historical moment for all of us at Exterminators, the pest control industry in Sri Lanka and the pest control industry in South Asia. We are the first pest control company to be listed in this region. I take this opportunity to thank the CSE for introducing the Empower Board for the SME sector in Sri Lanka and Atarah Capital Partners (Pvt) Ltd for guiding us during the process of listing. I would like to thank all our employees – past and present – all our customers and stakeholders who helped us during this 24-year journey. Finally, I’m so grateful to the investors who believed in us and trusted us during these challenging times. Today, we made a promise that we will exceed all expectations of our stakeholders while adhering to the CSE principles in the years to come.”

Exterminators Limited is a premier pest management and environmental enhancement technology company in Sri Lanka with over twenty-three years of experience. At present, the operations are carried out from two branches located in Colombo and Kandy in Sri Lanka. Over the past few years, Exterminators Limited has served more than 8,000 clients, both in the residential and commercial sectors. Exterminators also have a presence in the Maldives & Seychelles. 

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