1 Apr 2010 10:33
Byblos Bank SAL
Announcement to our shareholders
Dividend distribution proposal for the year 2009
The Board of Directors of Byblos Bank S.A.L. held on 26 March 2010 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on April 23, 2010 at the Bank's Head Office, the distribution of dividends for the year 2009 as follows:
For Common Shareholders:
·; LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Priority Shareholders:
·; Annual interest of 4% of the nominal value of the priority shares; LBP 48.4 per share (LBP 45.98 Net of 5 % withholding tax)
·; LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Preferred Shareholders:
·; Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax)
·; Class 2009: USD 3.35 per share; (USD 3.1825 Net of 5 % withholding tax)
Subject to the General Assembly's approval, such dividends will be paid on or about 29 April 2010 after deducting the 5 % withholding tax, to shareholders as at 28 April 2010 (record date), according to the records of Midclear (the Central Depository).
For GDR holders:
·; LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax in and other expenses starting 5 May 2010