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31 Dec 2012 07:00
31 December 2012
European Islamic Investment Bank plc
("EIIB" or "the Company")
Rasmala Holdings Limited ("Rasmala") loan note conversion
Further to the announcements on 6 January 2012, 11 June 2012 and 13 June 2012 relating to the investment in Rasmala, EIIB is pleased to announce that it has exercised its right to convert the remaining loan notes totalling USD 5,000,000 into 38,491,147 newly issued ordinary shares in Rasmala ("Rasmala Shares") at a conversion price of USD 0.1299 per Rasmala Share (subject to adjustments deriving from any valuation differences arising from the finalization of 2012 audited accounts). The conversion is subject to the approval of the Dubai Financial Services Authority. Following conversion, and subject to the finalization of 2012 audited accounts mentioned above, EIIB will hold a total of 130,094,034 Rasmala Shares representing 60% of Rasmala's enlarged share capital.
For further information please contact:
EIIB plc Zulfi Caar Hydari, Chief Executive Keith McLeod, Finance Director & Deputy CEO
| Tel:+44 (0)20 7847 9900 |
Westhouse Securities Antonio Bossi | Tel:+44 (0) 20 7601 6100 |
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