Bank Audi will Increase its Capital through the issuance of Preferred “J” Shares
During the extraordinary general assembly held on July 21 , 2017, Bank Audi shareholders agreed upon the decision to raise the bank’s capital through the issuance of 2.75M new Preferred “J” shares worth $275M, with a nominal value of LBP 1,663 per share, to be listed on the Beirut Stock Exchange.
If demanded subscriptions were to exceed the initial issued, new shares will be issued on a pro rata basis. The period of subscribing to the new shares is from 29 September to 3 October.
Characteristics of Bank Audi Preferred Series “I” shares
| Number of shares issued | 2,750,000 |
| Nominal Value per share | LBP 1,6663 |
| Issue Price | $100 |
Source: BSE
