FIMBank plc - Joint Voluntary Bid

Monday, December 9th, 2013

On 9 December, FIMBank plc announced that United Gulf Bank B.S.C. (UGB) and Burgan Bank S.A.K. (Burgan), collectively referred to as the Offerors, have launched a joint voluntary bid in respect of all the issued shares in FIMBank not already held by the Offerors, with the intention of acquiring a controlling interest in FIMBank.

Shareholders have the possibility of selling their shares, in part or in full, to the Offerors at a price of USD0.95 per share which represents a premium of USD0.1348 (16.5%) to the net asset value of FIMBank plc of USD0.8152 per share as at 30 June 2013. The Acceptance Period for the offer is from 16 December 2013 to 20 January 2014.

Download: Offer Document – Joint Voluntary Public Take Over Bid by Burgan Bank and UGB dated 9 December 2013.

In this respect, FIMBank also announced that its Board of Directors is scheduled to meet on 18 December 2013 to discuss the voluntary bid and the effects of its implementation on the Group’s operations. Following the meeting of the Board of Directors, FIMBank will issue a document setting out the opinion of the Board on the voluntary bid.

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