FIMBank plc - Conversion into New Shares

Thursday, July 4th, 2013

On 4 July, FIMBank plc announced that it has received notice from United Gulf Bank (UGB) confirming the latter’s intention to exercise its option to convert Tranche A of the loan agreed on 20 June 2013 which comprised two equal tranches of USD30 million each. The conversion, which is expected to take place on 29 July 2013, will also include any interest accrued on the first USD30 million tranche.

As a result, FIMBank plc will be issuing 36,254,567 shares to UGB which will increase the latter’s shareholding in FIMBank to 30.25%.

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