On the 21st of April 2016, the Lebanese Swiss Bank decided on increasing its capital from LP 70 billion to LP 90 billion, through the issuance of 200 million new ordinary shares, worth LP 100/share. as Such, and based on the Extraordinary General Assembly held on 25 June, 2016, Midclear increased the total number of the bank’s shares to 900 million shares.
Characteristics of Lebanese Swiss Bank Issuance
Number of issued shares | 200 million |
Price per share | 100 LBP |
Characteristics of issued shares | Nominal, over-the-counter |
Source: Midclear