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Merchant Bank of Sri Lanka & Finance PLC- Debenture Issue 2022
November 8, 2022
Merchant Bank Of Sri Lanka & Finance PLC - Debenture Issue 2022
November 2, 2022
Merchant Bank of Sri Lanka & Finance PLC
October 31, 2022
Merchant Bank of Sri Lank & Finance PLC - Debenture 2022
October 13, 2022
Merchant Bank of Sri Lanka & Finance PLC - Debenture 2022
October 11, 2022
Issue of Unsecured Redeemable Subordinated Debentures of LKR 100 each of Merchant Bank of Sri Lanka & Finance PLC up to the value of LKR 1.0 Bn (To be listed on the Colombo Stock Exchange) - Details of Applications
September 29, 2022
Merchant Bank of Sri Lanka & Finance PLC- Debenture Issue 2022 (Applications Received)
September 25, 2022
Merchant Bank of Sri Lanka & Finance PLC Debenture Issue 2022
September 22, 2022
Merchant bank of sri lanka & finance plc-debenture issue 2022
September 8, 2022
Dear Valued Shareholder, In the interest of safeguarding the well-being of the shareholders due to the potential health risks created by Covid -19 pandemic and having considered related governmental health and safety guideline, guidelines issued by the Colombo Stock Exchange on holding virtual shareholder meetings and relevant statutory provisions, the 40th Annual General Meeting (AGM) of Merchant Bank of Sri Lanka & Finance PLC (the Company) will be held by virtual means on 31st May at 10.00 a.m. We are pleased to forward herewith the Administrative Details, Notice of Meeting and Form of Proxy for the 40th AGM of the Company. Kindly be informed that the Annual Report 2021 of the Company is published and available for downloading on the Company’s website (www.mbslbank.com) as well as on the website of the Colombo Stock Exchange (www.cse.lk). You may also scan the QR Code given below to directly access the Company’s Annual Report 2021.
May 8, 2022
MERCHANT BANK OF SRI LANKA & FINANCE PLC (MBSL) MINIMUM PUBLIC HOLDING AS A CONTINUOUS LISTING REQUIREMENT ANNOUNCEMENT UNDER SECTION 7.14.2 OF THE LISTING RULES In terms of Section 7.14.2 of the Listing Rules of the Colombo Stock Exchange, we wish to inform you the following: (i) MBSL is non-compliant with the Minimum Public Holding Requirement specified in Rule 7.14.1 (a) of the Listing Rules with effect from 1st November 2021. Pursuant to listing of 358,665,096 shares of the Rights Issue on 1st October 2021, the public float of the Company dropped to 15.50%. (ii) Status of the Company as of 31st March 2022 is given below: a. Existing Float Adjusted Market Capitalization - Rs. 414,607,417.20 b. Public Holding Percentage - 15.50% c. Number of Public Shareholders - 11,064 (iii) Steps to be adopted by the Listed Entity to comply with the Minimum Public Holding Requirement will be notified in a subsequent quarterly market announcement.
March 31, 2022
Unusual Trading Activity in the securities of Merchant Bank of Sri Lanka & Finance PLC (MBSL.N0000) We refer to your letter dated 4th January 2022 received from Head of Trading Operations, Market Surveillance & Corporate Affairs. In terms of section 8.4 (a) of the CSE Listing Rules, we wish to confirm that there is no undisclosed price sensitive information with the Company in relation to Merchant Bank of Sri Lanka & Finance PLC.
January 4, 2022
MERCHANT BANK OF SRI LANKA & FINANCE PLC (MBSL) MINIMUM PUBLIC HOLDING AS A CONTINUOUS LISTING REQUIREMENT ANNOUNCEMENT UNDER SECTION 7.13.2 OF THE LISTING RULES In terms of Section 7.13.2 of the Listing Rules of the Colombo Stock Exchange, we wish to inform you the following: (i) MBSL is non-compliant with the Minimum Public Holding Requirement specified in Rule 7.13.1 (a) of the Listing Rules with effect from 1st November 2021. Pursuant to listing of 358,665,096 shares of the Rights Issue on 1st October 2021, the public float of the Company dropped to 15.50%. (ii) Status of the Company as of 31st December 2021 is given below: a. Existing Float Adjusted Market Capitalization - Rs. 479,643,874.80 b. Public Holding Percentage - 15.50% c. Number of Public Shareholders - 11,324 (iii) Steps to be adopted by the Listed Entity to comply with the Minimum Public Holding Requirement will be notified in a subsequent quarterly market announcement.
January 2, 2022
REVISION OF COMPANY RATING BY ICRA LANKA LIMITED Merchant Bank of Sri Lanka & Finance PLC (MBSL) wishes to advise the Colombo Stock Exchange that the ICRA Lanka Limited has reaffirmed the issuer rating of MBSL at [SL]BBB+ (Pronounced as S L Triple B plus) as per the Report issued on 1st November 2021. The outlook has been revised to Stable from Negative. Further we wish to advise the Colombo Stock Exchange that the ICRA Lanka has also reaffirmed the issue rating of LKR 2,000 Mn Subordinated Unsecured Redeemable Debenture Programme at [SL]BBB (Pronounced as S L Triple B) while revising the outlook to Stable from Negative.
November 1, 2021
Minimum Public Holding as a Continuous Listing Requirement Announcement Under Section 7.13.2 of the Listing Rules
October 31, 2021
Merchant bank of sri lanka & finance plc (“the company”) – rights issue 2021
September 30, 2021
MERCHANT BANK OF SRI LANKA & FINANCE PLC – RIGHTS ISSUE 2021 Further to our previous announcement dated 30th July 2021we wish to inform you that pursuant to the implementation of the Delivery Vs Payments (DVP) system, the dates of the Rights issue are as follows; The date of the EGM 18th August 2021 Ex-rights (XR) date – Market day following the EGM 19th August 2021 Record date and date of Provisional Allotment 23rd August 2021 Date of dispatch of Provisional Letters of Allotment 30th August 2021 Date of commencement of trading of Right Shares 3rd September 2021 Last date of renunciation to CDS 10th September 2021 The last date of acceptance and payment for Right Shares 16th September 2021 The share transfer books of the Company will be kept open.
August 15, 2021
An Extraordinary General Meeting of Merchant Bank of Sri Lanka & Finance PLC will be held at the Board Room (18th Floor) of Merchant Bank of Sri Lanka & Finance PLC, BOC Merchant Tower, No.28 St. Michael's Road, Colombo 3 on Wednesday 18th August 2021 at 10: 00 a.m. via Microsoft TEAMS Online Meeting Platform without the physical presence of the Shareholders, due to the prevailing COVID-19 pandemic in the country
August 2, 2021
MERCHANT BANK OF SRI LANKA & FINANCE PLC – RIGHTS ISSUE 2021 We write with reference to your letter dated 29th July 2021 granting in principle approval for the proposed Rights issue. The Extraordinary General Meeting (EGM) of the Company will be held on 18th August 2021 at 10.00 a.m. as a virtual meeting, which will be conducted in accordance with the Guidelines issued by the Colombo Stock Exchange (CSE) in conducting General Meetings in order to obtain the approval of the shareholders for the proposed Rights Issue. The dates of the Rights issue are as follows; The date of the EGM and Provisional Allotment 18th August 2021 Ex-rights (XR) date – Market day following the EGM 19th August 2021 Date of dispatch of Provisional Letters of Allotment 25th August 2021 Date of commencement of trading of rights 31st August 2021 Last date of renunciation to CDS 7th September 2021 The last date of acceptance and payment for rights 8th September 2021
July 29, 2021
ANNOUNCEMENT TO THE EXCHANGE Number of Directors comprising the Board of Directors of Merchant Bank of Sri Lanka & Finance PLC (MBSL) – 08 (eight). Details of non-compliance Minimum number of directors as per Listing Rule Current status (number of directors) 1) Composition of Independent Directors in the Board 03 Independent Directors (1/3 of non-executive directors) 02 Independent Directors Declaration Merchant Bank of Sri Lanka & Finance PLC hereby declares that the Entity has failed to comply with the Corporate Governance Requirements set out in Rule 7.10 of the CSE Listing Rules to the extent disclosed above.
June 30, 2021
ANNOUNCEMENT TO THE EXCHANGE with regard to Corporate Governance Requirements set out in Rule 7.10 of the CSE Listing Rules.
June 1, 2021
Dear Shareholder, SUBMISSION OF ANNUAL REPORT 2020 TO SHAREHOLDERS The Annual Report of Merchant Bank of Sri Lanka & Finance PLC (MBSL) for the Financial Year 2020 is available on 01). Corporate website of the Company - www.mbslbank.com 02). The Colombo Stock Exchange website - https: //www.cse.lk/pages/company-profile/company-profile.component.html?symbol=MBSL.N0000 If you wish to have a printed copy of the Annual Report, kindly send the completed Form of Request enclosed to this Circular to Shareholders to The Company Secretary Merchant Bank of Sri Lanka & Finance PLC, BOC Merchant Tower, No.28 St. Michael's Road, Colombo 3 Alternatively, you could email the completed Form of Request to dinushar@mbslbank.com. The printed Report will be forwarded within eight (08) market days from the receipt of the written request. Please contact either Ms. Shaheela Shibly or Ms. Dinusha Rajapaksha on 0114711743 or 0114711711 Ext. 1667 during normal office hours (8.30 a.m. - 5.00 p.m.) or email dinushar@mbslbank.com
May 30, 2021
ANNOUNCEMENT TO THE EXCHANGE Number of Directors comprising the Board of Directors of Merchant Bank of Sri Lanka & Finance PLC (MBSL) Details of non-compliance Minimum number of directors as per Listing Rule Current status (number of directors) 1) Composition of Independent Directors in the Board 03 Independent Directors (1/3 of non-executive directors) 02 Independent Directors Declaration Merchant Bank of Sri Lanka & Finance PLC hereby declares that the Entity has failed to comply with the Corporate Governance Requirements set out in Rule 7.10 of the CSE listing Rules to the extent disclosed above.
April 20, 2021
Further to our letter dated 12th October 2020 re. Postponement of Annual General Meeting, we write to inform you that the Thirty Eighth Annual General Meeting of Merchant Bank of Sri Lanka & Finance PLC (MBSL) has been rescheduled to be held on Thursday, 12th November 2020 at 10.00 a.m. at the Board Room of MBSL, 18th Floor, BOC Merchant Tower, No.28, St. Michael's Road, Colombo 3. The Annual General Meeting will be held via an Online Meeting Platform without the physical presence of the Shareholders due to the prevailing COVID-19 pandemic in the country. Circular to Shareholders together with the revised Notice of Meeting will be dispatched to the shareholders today.
October 18, 2020
POSTPONEMENT OF ANNUAL GENERAL MEETING We write with reference to our letters dated 18th September 2020 and 8th October 2020 with regard to the Annual General Meeting of Merchant Bank of Sri Lanka & Finance PLC. We wish to inform you that the Annual General Meeting of the Company which was scheduled to be held on Wednesday, 14th October 2020 at 10.00 a.m. at the Grand Ballroom, Galadari Hotel, Colombo 01 has been postponed due to unavoidable circumstances. The venue, date and the time of the meeting will be notified to the shareholders via a fresh Notice of Meeting giving requisite notice period to attend the AGM.
October 11, 2020
the Notice of Meeting and Circular to the Shareholders dated 18th September 2020, we wish to inform you that the Board of Directors of Merchant Bank of Sri Lanka & Finance PLC (MBSL) has decided to convene the Annual General Meeting of the Company at the Board Room (18th Floor) of Merchant Bank of Sri Lanka & Finance PLC, BOC Merchant Tower, No.28 St. Michael's Road, Colombo 3 on 14th October 2020 at 10: 00 a.m. via Online Meeting Platform without the physical presence of the Shareholders, due to the prevailing COVID-19 pandemic in the Country. Notice addressed to the Shareholders dated 8th October 2020 is enclosed herewith which will not be dispatched to the shareholders via post due to limited time available.
October 7, 2020
We write to inform you that the Thirty Eighth Annual General Meeting of MBSL will be held on Wednesday, 14th October 2020 at 10.00 a.m. at the Grand Ballroom, Galadari Hotel, Colombo 01.
September 17, 2020
An Extraordinary General Meeting of MBSL has been scheduled to be convened on 30th September 2020 at 10.00 a.m. at Sri Lanka Foundation Institute “Auditorium New Wing”, N0. 100, Sri Lanka Padanama Mawatha, Independence Square, Colombo 7 to amend the Article 100 of the Articles of Association of MBSL.
September 7, 2020
Revision of company rating by icra lanka limited
August 26, 2020
Extension of Timelines for Publication of Interim Financial Statements for Quarter ending 30th June 2020 - Merchant Bank of Sri Lanka & Finance PLC
August 13, 2020
Merchant Bank of Sri Lanka & Finance PLC (MBSL) Further to the announcement made on 05th June 2018; - Termination of the services of Mr. D M N P Karunapala - Chief Executive Officer
August 12, 2020
Extension of Timelines for publication of Interim Financial Statements for Quarter ending 31st March 2020- Merchant Bank of Sri Lanka & Finance PLC.
June 29, 2020
Merchant bank of sri lanka & finance plc - corporate disclosure regarding impact of covid-19 on listed companies
June 17, 2020
Revision of the rating of debentures by icra lanka limited
December 26, 2019
Rectification of the matters giving rise to the Emphasis of Matter on Going Concern in the Independent Auditor’s Report on the Audited Financial Statements for the year ended 31st December 2017 In terms of Rule 7.5 (d)(II) (13) of the CSE Listing Rules (Enforcement Rules.
August 14, 2019
Independent auditor’s report containing an emphasis of matter on going concern
July 1, 2019
Corporate disclosure
April 9, 2019
Independent auditor's report containing an emphasis of matter on going concern
March 31, 2019
Annual General Meeting
January 2, 2019
Redesignation of a Director as Senior Independent Director
December 3, 2018
Changes to the composition to the board audit committee
November 28, 2018
Abans finance plc – re-appointment of chairman of board sub committees
October 17, 2018
Circular to shareholders - extra-ordinary general meeting notice of extra-ordinary general meeting
September 9, 2018
Amalgamation of singer industries (ceylon) plc and regnis (lanka) plc with singer (sri lanka) plc
August 9, 2018
Auditor’s report containing qualified opinion
July 31, 2018
Designating the following directors as non-executive directors of bukit darah plc - mr hariharan selvanathan - chairman - mr manoharan selvanathan
April 15, 2018
Monthly announcement on remedial action regarding disclaimer of opinion
May 17, 2017
Press Release - Printcare Plc continues its impressive performance
April 24, 2017
Announcement under section 8 of the Listing Rules
April 23, 2017
Notification under rule 36 of the company take-overs and mergers code - the acquisition of more than ten percent shareholding of asia siyaka commodities plc
April 2, 2017