The board of directors (BOD) of Byblos Bank invited the holders of preferred shares to the annual ordinary General Assembly Meeting that will be held at the bank’s headquarters in Ashrafieh, Elias Sarkis Avenue on April 20, 2018 at 09:00 a.m. The meeting’s agenda will include among others, hearing 2017’s general and special Board and Auditor reports, as well as finalize the allocation of 2017’s results.
Similarly, the board of directors of Byblos Bank called on the bank’s common shareholders to attend the annual ordinary general assembly meeting on the same day at 09:30 am. The agenda will include several items, of which: hearing the general and special Board and Auditor reports for the fiscal year 2017. Approving 2017’s accounts is also on the assembly’s schedule, alongside determining the auditors’ remuneration for 2018 and a number of miscellaneous issues.
In addition, Byblos Bank’s BOD announced that it will propose to the Ordinary General Assembly of Byblos Bank S.A.L set to convene on the 20th of April 2018, the distribution of dividends for the year 2017 as follows:
|Dividend per share in $ (net of the 5% witholding tax)|
|Byblos Common shares ||0.13|
|Byblos Preferred 2008||7.6|
|Byblos Preferred 2009||7.6|
|Byblos GDR* ||0.13|
Source: BSE, Byblos Bank
The above-mentioned dividends will be paid on or about the 26th of April 2018. The shareholders that will benefit from the dividends are the ones listed in Midclear’s records as at the 25th of April 2018, the record date.
*Dividends to GDR holders will be paid by the Bank of New York Mellon starting May 2, 2018.