Dividend Declaration

21 Apr 2009 13:39



Announcement by 

Bank Audi s.a.l. - Audi Saradar Group

The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. - Audi Saradar Group convened on April 21, 2009 and resolved to (i) approve the Bank's accounts for the year 2008 and (ii) declare a gross distribution of dividends as follows:

To Holders of Series "C" Preferred Shares: USD 2.1875 per share

To Holders of Series "D" Preferred Shares:  USD 7.75 per share

To Holders of Common Shares:  LBP 3,400 per share

As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:

To Holders of Series "C" Preferred Shares: USD 2.078125 per share

To Holders of Series "D" Preferred Shares:  USD 7.3625 per share

For Holders of Common Shares:  LBP 3,230 per share

Dividends will be paid through Midclear S.A.L. starting April 22, 2009 for the holders of shares as at April 16, 2009 (Record Date), according to the records of Midclear S.A.L.