During the extraordinary general assembly held on November 26 , 2016, Bank Audi shareholders agreed upon the decision to raise the bank’s capital from LBP 668.19B ($443.24 M) to LBP 672.33B ($ 445.99 M) through the issuance of 2,500,000 new Preferred “I” shares worth $250M, with a nominal value of LBP 1,656 per share, to be listed on the Beirut Stock Exchange.
Characteristics of Bank Audi Preferred Series “I” shares
Number of shares issued | 2,500,000 |
Nominal Value per share | LBP 1,656 |
Issue Price | $100 |
Dividend Yield | 7.00% |
Type of Share | perpetual, non-cumulative, redeemable |
Issue Date | 31/12/2016 |
Source: BSE