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.
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- 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.
- 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.
- 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.
Earlier from Merchant Bank of Sri Lanka & Finance
- 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.
- 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.
- 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.
- Minimum Public Holding as a Continuous Listing Requirement Announcement Under Section 7.13.2 of the Listing Rules
- Merchant Bank of Sri Lanka & Finance PLC (“the company”) – rights issue 2021
Later from Merchant Bank of Sri Lanka & Finance
- Merchant Bank of Sri Lanka & Finance PLC-debenture issue 2022
- Merchant Bank of Sri Lanka & Finance PLC- Debenture Issue 2022 (Applications Received)
- 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
- Merchant Bank of Sri Lanka & Finance PLC - Debenture 2022
- Merchant Bank of Sri Lank & Finance PLC - Debenture 2022
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