FIMBank plc - Results of Joint Voluntary Bid

On 28 January 2014, FIMBank plc announced that it has been informed that 115 shareholders holding 30.36% of its total issued share capital have accepted the Joint Voluntary Bid launched on 9 December 2013 by Burgan Bank S.A.K. (Burgan) and United Gulf Bank (UGB). The transfer of the shares from each of the accepting shareholders to the Offerors will take place today, 28 January 2014.

As a result, the aggregate shareholding of Burgan Bank and UGB in FIMBank has now reached 80.14% with Burgan’s stake remaining unchanged at 19.53% (equivalent to 35,000,000 shares) and UGB’s shareholding increasing to 60.61% (equivalent to 108,614,962 shares).

Due to the fact that the proportion of FIMBank shares in the hands of the public has fallen below 25% of the total issued share capital, Burgan and UGB shall seek to maintain the Listing Status of FIMBank by requesting the necessary derogation required from the Listing Authority. This issue will be discussed further during a Board of Directors of FIMBank which will be held shortly. Further announcements will be issued in due course.