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
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- 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
- 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
- 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.
Earlier from Merchant Bank of Sri Lanka & Finance
- 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
- 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.
- ANNOUNCEMENT TO THE EXCHANGE with regard to Corporate Governance Requirements set out in Rule 7.10 of the CSE Listing Rules.
- 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
- 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.
Later from Merchant Bank of Sri Lanka & Finance
- 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.
- Merchant Bank of Sri Lanka & Finance PLC (“the company”) – rights issue 2021
- Minimum Public Holding as a Continuous Listing Requirement Announcement Under Section 7.13.2 of the Listing Rules
- 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.
- 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.
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