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13 Jan 2010 15:14
13 January 2010
European Islamic Investment Bank plc ("EIIB" or the "Company")Director Shareholding
The Company has been informed that, further to its announcement on 25 November 2009 in relation to the result of its tender offer, Mr. Abed Alzeera, a Non-Executive Director of the Company, tendered 400,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). As a result, Mr. Alzeera now has no direct beneficial or non-beneficial holding of Ordinary Shares. These shares were acquired by Mr. Alzeera on 23 May 2006 at a price of 13.5p per share.
In the circular sent to shareholders on 28 October 2009 it was stated that "The Directors have confirmed that they intend to vote in favour of the Resolutions and do not intend to tender their holdings of Ordinary Shares in the Tender Offer". Mr. Alzeera has confirmed to the Company that, pursuant to that intention, he did not give any instructions to tender any of his holding. The Company has been advised that the tender was made due to an administrative error by the nominee company that held the shares on his behalf and Mr. Alzeera was unaware that his shares had been tendered until after completion of the tender offer and hence it could not be corrected.
Enquiries:
EIIB plc Tel: +44(0)20 7847 9900
Keith McLeod, Interim Chief Executive Officer
Evolution Securities Tel: +44(0)20 7071 4300
Bobbie Hilliam
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