The board of directors of Bank of Beirut (BoB) invites its shareholders to 2 extraordinary general assemblies at the bank’s headquarters located in downtown Beirut, Foch Street. The first meeting will take place on the 26th of May 2016 at 10:00pm, and is set to:
- Validate the underwriting process and the full release of the nominal value of new common shares representing the Bank’s capital increase from LBP 105,411,124,000 to LBP 109,378,674,000.
- Verify that all the capital raising transaction documents were carried according to the standards.
- Announce the new capital of the bank
- Other matters
Also, another meeting will be held on the same day at 10:30 am and will discuss the following:
- Increasing the bank’s capital through the issuance of new perpetual preferred shares class “K”. These shares will be non-cumulative and redeemable.
- Amend some clauses in the article of incorporation according to the capital increase mentioned above.
- Other matters
Bank of Beirut Financial Results ($B)
Source: BSE
