The shareholders of Amãna Bank unanimously passed the resolution to increase the Bank’s stated capital by way of a Rights Issue at the Extraordinary General Meeting held yesterday.
According to the resolution, the Bank will issue 1,250,695,267 new ordinary shares at Rs. 3.80 per share in the proportion of one new ordinary share for everyone ordinary share held (1:1). Upon full subscription, the issue will increase the Stated Capital of the Bank from Rs. 5.8 billion to Rs. 10.6 billion, thereby meeting the regulatory Rs 10 billion requirement well ahead of the January 2018 deadline.
All shareholders who have purchased Amãna Bank shares as at end of trading yesterday, will be entitled for Rights, along with a provision to request for additional shares. The Provisional Letters of Allotment will be dispatched to shareholders on July 10, 2017. Trading of the Rights Shares (ABL.R) shall commence on the Fourth (4th) Market Day from and excluding the date of dispatch of Letters of Provisional Allotment.
0 comments: