BEMO Bank Announces Distribution of 2015’s Dividends

The distribution of 2015’s dividends worth a total of 7,376 million LBP or $4.89M was agreed upon during the Ordinary General Assembly of Bank BEMO, held on the 7^th of June 2016 at the bank’s headquarters.

• Holders of common shares shall receive 60 LBP per share ($0.04) or 57 LBP ($0.038) per share after the deduction of the 5% tax
• Holders of BEMO’s 2013 preferred shares shall receive $7 per share or $6.65 after the deduction of the 5% tax

The dividends will be disbursed to common and preferred shareholders starting the 21^st of June 2016 after the deduction of the 5% tax.

The shareholders that will benefit from these dividends are the ones that are listed in Midclear’s records as of the 14^th of June 2016, the record date.

Source: BSE, BEMO Bank