9 Sep 2015 07:35
Bank Audi
Resolution adopted by the Extraordinary General Meeting of Shareholders of September 8, 2015:
Sole resolution: Confirmation of the adequate implementation of the cancellation of the Series "E" Preferred Shares and the accompanying increase of the Bank's share capital in order to round the nominal value of each individual share up to L.L. 1,656; and granting discharge to the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Cancellation and Capital Increase.
Pursuant to its resolution dated June 9, 2015 to cancel all the Series "E" Preferred Shares and increase the Bank's capital from L.L. 667,836,186,600 to L.L. 668,194,681,824, i.e. by an amount of L.L. 358,495,224 through the increase of the nominal value of each share to become L.L. 1,656 instead of L.L. 1,650, and after examining the approval letter issued by the Central Bank on August 11, 2015, the Extraordinary General Meeting of shareholders of Bank Audi resolves to:
- Confirm and approve the adequate completion of all formalities and actions undertaken to execute the above mentioned resolution of cancellation of Series "E" Preferred Shares and capital increase;
- Declare that Bank Audi's capital is now L.L. 668,194,681,824, fully paid and divided into 403,499,204 nominal shares having a par value of L.L. 1,656 each;
- Declare, pursuant to the above, that the amendment of articles 6 and 8 of the Bank's By-laws as per the second resolution of the Extraordinary General Meeting held on June 9, 2015 is now effective;
- Grant discharge to the Chairman and members of the Board of Directors in respect of all activities related to the cancellation of the Series "E" Preferred Shares and the capital increase through the increase of the nominal value of each share and grant each of the Chairman of the Board - General Manager, Mr. Raymond Audi, and the member of the Board - General Manager, Mr. Samir Hanna, acting jointly or severally, and/or any other person empowered by any of them, the power to carry out all legal formalities and the publication, registration and execution of all related documents in application of this resolution with the authority to further delegate all or part of the aforementioned powers hereby granted to them.
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