Issue of unsecured redeemable subordinated debentures of MBSL upto the value of LKR 1.0Bn (To be listed on the colombo Stock Exchange)
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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 of 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 the 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 2022 is given below: a. Existing Float Adjusted Market Capitalization - Rs. 276,404,944.80 b. Public Holding Percentage - 15.50% c. Number of Public Shareholders - 11,133 (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.
- 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
- 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.
Earlier from Mbsl.P0000n
- Details of Applications Received
- Issue of Unsecured Subordinated Redeemable Debentures of MBSL
- Issue of unsecured redeemable subordinated debentures of MBSL to the value of LKR1.0BN.
- Merchant Bank of Sri Lanka & Finance PLC - Debenture Issue
- Debenture Issue up to LKR 1 billion
Later from Mbsl.P0000n
- Non-compliance of minimum public holding requirements
- Issue of unsecured redeemable subordinated debentures of Merchant Bank of Sri Lanka & Finance PLC up to the value of LKR 1.0Bn (To be listed on the Colombo Stock Exchange)
- Merchant Bank of Sri Lanka & Finance PLC - Debenture Issue 2023
- Transfer to the diri savi board
- 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
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