Bank Audi to Buy Back its Preferred Class “E” Shares

Bank Audi S.A.L declared the cessation in trading of all the 1.25M preferred shares class “E”, as of the 26th of May on the Beirut Stock Exchange (BSE). In details, all of the mentioned outstanding shares will be bought back, within sixty days from the 31st of May, in order to increase the nominal value of the bank’s remaining shares by LP 5.111034 to LP 1,655.111534. However, it was also suggested to increase capital in order to round up  the nominal value per share to LB 1,656.

 

Year-on-Year Performance of Bank Audi Preferred shares Class “E”

Cim

Source: Beirut Stock Exchange and Blominvest Bank

 

Leave a Reply

Your email address will not be published. Required fields are marked *