Non-Compliance with Minimum Public Holding Requirement - 1st Quarter 2022/23
Filed with CSE ·
6ix hasn’t read this filing yet.
People's Leasing & Finance PLC on 6ix
Earlier from People's Leasing & Finance
- Circular to shareholders
- 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.
- Retirement of Mr. Sumit Maheshwari, Non Executive Director
- Please be advised that the Ordinary Voting Shares of Nestle Lanka PLC have been transferred to the Diri Savi Board of the CSE, with effect from 28th March 2022, at the request of the company.
- Amalgamation of hnb finance plc and prime finance plc under section 239 of the companies act no. 7 of 2007
Later from People's Leasing & Finance
- Windforce plc – corporate disclosure under section 8 of the listing rules
- Rule 36 of the Company Take-Overs and Mergers code of 1995 (as amended in 2003)
- Informing non compliance of minimum public holding requirement for PLCs
- Demise of a director
- Change of Rating Agency and Initial Entity Rating by Lanka Rating Agency Limited
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