FIMBank plc - Result of Intermediaries’ Offer

Wednesday, May 9th, 2018

On 8 May 2018, FIMBank plc announced that the amount of bids submitted by Intermediaries in relation to the USD115 million rights issue was for 196,703 lapsed rights at USD0.55 per share and 9,000 lapsed rights at USD0.56 per share. In aggregate, these amount to just over USD113,000. The new shares are expected to be admitted to listing on Monday 14 May with trading expected to commence from the following day, Tuesday 15 May. In addition, United Gulf Holding Company B.S.C. (“UGH”) will be subscribing for 10,594,894 lapsed rights which is in line with the underwriting agreement signed between FIMBank and UGH.

Following the conclusion of the rights issue process, the issued share capital of FIMBank increased by 190,909,091 new shares (equivalent to a capital injection of USD105 million) to 505,431,214 shares.

Print This Page Print This Page