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Rasmala Loan Note

11 Jun 2012 07:00

RNS Number : 0476F

European Islamic Investment BankPLC

11 June 2012

European Islamic Investment Bank plc

("EIIB" or "the Company")

Rasmala Holdings Limited ("Rasmala") loan note conversion

Further to the announcement on 6 January 2012 relating to the investment in Rasmala, EIIB is pleased to announce that it has exercised its right to convert loan notes totalling USD 11,000,000 into 84,680,523 newly issued ordinary shares in Rasmala ("Rasmala Shares") at an exercise price of USD 0.1299 per Rasmala Share. The conversion is subject to the approval of the Dubai Financial Services Authority. Following conversion, EIIB will hold 91,602,887 Rasmala Shares representing 51.4% % of Rasmala's enlarged share capital.

The remaining loan notes totalling USD 5,000,000 are expected to be converted into Rasmala Shares on 6 January 2013 in accordance with the terms of the Loan Note Instrument dated 5 January 2012.

For further information please contact:

EIIB plc Tel: +44 (0)20 7847 9900

Zulfi Caar Hydari, Chief Executive

Keith McLeod, Finance Director & Deputy CEO

Westhouse Securities Tel: +44 (0)20 7601 6100

Antonio Bossi

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Date		Source	Headline
23rd Sep 2010	3:20 pm	RNS	Major Interest in Shares
12th Aug 2010	10:15 am	RNS	Holding(s) in Company
27th Jul 2010	4:56 pm	RNS	Appointment of Director
5th Jul 2010	4:19 pm	RNS	Employee Equity Incentive Plan
7th May 2010	12:18 pm	RNS	AGM Statement
28th Apr 2010	11:34 am	RNS	Directorate Change
20th Apr 2010	7:00 am	RNS	Change of Adviser
6th Apr 2010	12:53 pm	RNS	Notice of AGM
15th Mar 2010	4:03 pm	RNS	Proposed Partnership
15th Mar 2010	7:00 am	RNS	Directorate Change
10th Mar 2010	7:00 am	RNS	Final Results
13th Jan 2010	3:14 pm	RNS	Director/PDMR Shareholding
15th Dec 2009	7:00 am	RNS	Total Voting Rights
9th Dec 2009	3:42 pm	RNS	Result of Capital Reduction
25th Nov 2009	3:00 pm	RNS	Result of Tender Offer
23rd Nov 2009	5:16 pm	RNS	Tender Offer Timetable
13th Nov 2009	10:34 am	RNS	EGM Statement
28th Oct 2009	3:15 pm	RNS	Tender Offer
11th Sep 2009	7:00 am	RNS	Half Yearly Report
13th Aug 2009	10:34 am	RNS	Property Assets
7th Aug 2009	12:34 pm	RNS	Resignation of Chief Executive
6th Aug 2009	10:13 am	RNS	EPT Disclosure
5th Aug 2009	2:01 pm	RNS	Termination of Discussions
5th Aug 2009	10:33 am	RNS	EPT Disclosure
4th Aug 2009	10:17 am	RNS	EPT Disclosure
3rd Aug 2009	9:25 am	RNS	EPT Disclosure
31st Jul 2009	10:18 am	RNS	EPT Disclosure
30th Jul 2009	9:38 am	RNS	EPT Disclosure
29th Jul 2009	9:35 am	RNS	EPT Disclosure
27th Jul 2009	12:01 pm	RNS	EPT Disclosure
24th Jul 2009	9:02 am	RNS	EPT Disclosure
23rd Jul 2009	9:21 am	RNS	EPT Disclosure
22nd Jul 2009	10:04 am	RNS	EPT Disclosure
21st Jul 2009	9:59 am	RNS	EPT Disclosure
17th Jul 2009	8:53 am	RNS	EPT Disclosure
16th Jul 2009	9:40 am	RNS	EPT Disclosure
15th Jul 2009	9:52 am	RNS	EPT Disclosure
14th Jul 2009	9:31 am	RNS	EPT Disclosure
13th Jul 2009	9:12 am	RNS	EPT Disclosure
10th Jul 2009	8:55 am	RNS	EPT Disclosure
9th Jul 2009	9:06 am	RNS	EPT Disclosure
8th Jul 2009	9:54 am	RNS	EPT Disclosure
7th Jul 2009	10:38 am	RNS	EPT Disclosure
6th Jul 2009	10:10 am	RNS	EPT Disclosure
3rd Jul 2009	7:00 am	RNS	Announcement of Approach
26th Jun 2009	3:46 pm	RNS	AGM Statement
18th May 2009	11:00 am	RNS	Notice of AGM
9th Apr 2009	12:36 pm	RNS	Annual Report and Accounts
26th Feb 2009	7:00 am	RNS	Final Results
3rd Feb 2009	7:00 am	RNS	Trading Statement

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