Re-pricing

July 04, 2008 (LBO) - Sri Lanka's Sampath Bank is re-thinking the price of a rights issue and a share placement after market prices fell below the issue price, the bank said in a stock exchange filing.
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Sampath shares traded at 97 rupees on Friday. Sampath said the market price of the share dropped below the issue price of its rights issue on May 26.
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Sampath was planning to issue 17.

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2 million shares in the proportion of one for four at 100 rupees a share.
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It was also planning to place 14.

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5 million shares with the International Finance Corporation.
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It also wanted to issue another firm, ShoreCap, shares to the value of 4.
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5 million US dollars at 117 rupees a share.

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