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)
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- Issue of unsecured redeemable subordinated debentures of MBSL upto the value of LKR 1.0Bn (To be listed on the colombo Stock Exchange)
- 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
Earlier from Merchant Bank of Sri Lanka & Finance
- Non-compliance of minimum public holding requirements
- Issue of unsecured redeemable subordinated debentures of MBSL upto the value of LKR 1.0Bn (To be listed on the colombo Stock Exchange)
- 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.
Later from Merchant Bank of Sri Lanka & Finance
- 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
- MERCHANT BANK OF SRI LANKA & FINANCE PLC (MBSL) ANNUAL GENERAL MEETING Circular to shareholders
- Errata -quarterly financials as at 30.09.2023 Merchant Bank of Sri Lanka & Finance PLC (mbsl)
- ISSUANCE OF COMPANY RATING BY FITCH RATINGS. Merchant Bank of Sri Lanka & Finance PLC (MBSL) wishes to advise the Colombo Exchange that Fitch Ratings has assigned MBSL a first time National Long-Term Rating of ‘BBB+(lka)’ as per the report issued on 22nd February 2024. The outlook is Stable. The relevant rating report is available on www.fitchratings.com
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