Cedrus Invest Bank S.A.L Increases Capital to $224.15M
According to a statement released by Midclear, Cedrus Invest Bank increased its capital on 21/06/2017 through the issuance of new nominal ordinary shares.
The bank increased its capital from LBP 319,032,834,975 ($211.63M) to LBP 337,913,260,650 ($224.15M) through the issuance of 16,983 nominal ordinary shares with a nominal value per share of LBP 1,111,725 ($737.46/share).
Cedrus Invest’s ordinary shares totaled 303,954 shares and are traded over the counter.
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Characteristics of Cedrus Bank S.A.L Capital Increase |
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| Increase in capital | $12.52M |
| Number of nominal shares issued | 16,983 |
| Price/share | $737.46 |
| Capital after issuance | $224.15M |
| Midclear execution date | 21/06/2017 |
Source: Midclear
