Bank of Beirut Issued Preferred Shares Class “J”

Following the extraordinary general assembly that took place on the 17th of November 2014, Bank of Beirut (BoB) decided to increase its capital by $2.69M to $69.49M via the issuance of 3,000,000 new preferred shares class “J”. The share’s subscription price is $25 and consists of a $0.90 nominal value and a $24.1 premium. The new shares will be listed on the Beirut Stock Exchange (BSE) on February 11th 2014.

It is worth noting that BoB had previously redeemed its preferred shares F for $2.69M on December 26th 2014.

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