BLOM Bank Proposes Dividends of 1,000 LBP per Ordinary Share

The board of Directors of BLOM Bank S.A.L convened on March 20th, 2015 and decided to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 15th, 2015 at 11.00 o’clock in Beirut-Lebanon at the Bank’s Headquarters in Verdun.

The agenda of the meeting includes, among other things, the election of two new directors for the remaining mandate of the Board of Directors, the approval of the accounts stated on 31.12.2014 and the allocation of the financial year’s results.

The General Assembly will fix the dividends to be distributed relating to the financial year 2014. The Board of Directors proposed to pay an amount of 1 000 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of $0.7 (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. The proposed record date for ordinary shares is the 22nd of April 2015 and the proposed payment date for those ordinary shares is the 23rd of April 2015. As for preferred shares, the proposed record date and payment date coincide on the 22nd of April 2015.

Ordinary SharesPreferred Shares
Record Date22 April 201522 April 2015
Payment Date23 April 201522 April 2015

 

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