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17 May 2010 09:00
Bank Audi sal - Audi Saradar Group
Effectiveness of the Stock Split
Bank Audi sal - Audi Saradar Group (the "Bank")
17 May 2010
The Bank hereby announces the effectiveness of the split of the Bank's outstanding share capital, including the Bank's Common Shares and Series D Preferred Shares, as well as the GDRs representing Common Shares, in each case, at a ratio of 10 to 1 (the "Split"). The Split will become effective as of 24 May 2010, as determined by the Chairman of the Board of Directors of the Bank pursuant to a delegation duly granted to him by the Board of Directors of the Bank. The Bank's Common Shares, Series D Preferred Shares and GDRs representing the Bank's Common Shares will trade on a post-Split basis (as to both price and volume) from and after 25 May 2010.
On 5 March 2010, the Bank previously announced the approval of the Split by the Extraordinary General Assembly of Shareholders of the Bank pursuant to resolutions duly adopted at its meeting held on 2 March 2010. The Split was also approved by the Central Bank of Lebanon on 21 April 2010.
The related prospectus can be downloaded from the following link:
http://www.rns-pdf.londonstockexchange.com/rns/0162M_1-2010-5-17.pdf
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