Issue of Unsecured Subordinated Redeemable Debentures of MBSL
Filed with CSE ·
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Earlier from Mbsl.P0000n
- Merchant Bank of Sri Lanka & Finance PLC - Debenture Issue
- Debenture Issue up to LKR 1 billion
- Merchant bank of sri lanka & finance plc (“the company”) – debenture issue 2023
- Issuance of company rating by lanka rating agency
- 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.
Later from Mbsl.P0000n
- Details of Applications Received
- Issue of unsecured redeemable subordinated debentures of MBSL upto the value of LKR 1.0Bn (To be listed on the colombo Stock Exchange)
- 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)
- Transfer to the diri savi board
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