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MERCANBANK

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MERCANBANK 24-Jun-2021

Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST-2" in the short term along with a stable outlook in consideration of audited financial statements of the Company up to December 31, 2020; unaudited financials up to March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

MERCANBANK 17-Jun-2021

(Continuation news of MERCANBANK): Tk. 630.00 crore (90%) through Private Placement and Tk. 70.00 crore (10%) through Public Offer instead of previously decided 100% private placement of Tk. 700.00 crore, Contingent-Convertible BASEL III compliant Mercantile Bank Perpetual Bond as part of Additional Tier- I Capital subject to the approval from Regulatory Authorities as well as approval of the Shareholders of the Company. (end)

MERCANBANK 17-Jun-2021

Refer to their earlier news disseminated by DSE on 28.04.2021 regarding issuance of Perpetual Bond, the Company has further informed that the Board of Directors has decided to issue 'Mercantile Bank Perpetual Bond' of Tk. 700.00 crore in the following manner to comply with Bangladesh Securities and Exchange Commission (Debt Securities) Rules, 2021 and Directive issued on 23 May 2021: (cont.)

MERCANBANK 09-Jun-2021

Engr. Md. Monsuruzzaman, one of the Sponsors of the Company, has expressed his intention to sell 6,49,539 shares out of his total holding of 39,02,850 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.

MERCANBANK 07-Jun-2021

(Disregard News): Please disregard the News of Other Matter, which is inadvertently disseminated in MERCANBANK code dated 03.06.2021.

MERCANBANK 07-Jun-2021

Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer of 67,34,840 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Mr. Md. Shahabuddin Alam, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to Padma Bank Limited (the transferee/pledgee) within 30 working days from the date of issuance of approval letter by DSE, under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.

MERCANBANK 03-Jun-2021

The auditor of the Mercantile Bank Ltd has given the " Other Matter " paragraphs in the Auditor's Report for the year ended on 31 December 2020. Other Matter: As per Sec-232, Labor Act 2006 and as amended, if a company comply certain conditions as per said section of the Act then the company should establish a worker's pro?t participation fund (WPPF). MICL is eligible for establishing a WPPF as per said Act. However, they did not establish WPPF which is a non-compliance of the said Act.(end)

MERCANBANK 02-Jun-2021

The Company has informed that it has credited bonus share for the year ended on December 31, 2020 to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders.

MERCANBANK 28-Apr-2021

(Continuation news of MERCANBANK): as Additional Tier-1 (AT-1) Capital to support Bank's Basel-III compliance in line with Bangladesh Bank Guidelines on Risk Based Capital Adequacy dated December 2014 subject to approval from concerned Regulatory Authorities and complying with regular requirements. (end)

MERCANBANK 28-Apr-2021

Refer to their earlier news disseminated by DSE on 15.10.2020 regarding decided to issue Perpetual Bond up to BDT 700.00 Crore the Company has further informed that the shareholders of the Company in the 22nd AGM held on April 28, 2021 have approved the issuance of "Perpetual Bond" up to BDT 700.00 Crore (cont.)

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