FIMBank Rights Issue Update
04.06.2014
FIMBank announces that it has been granted approval by the Listing Authority for the Prospectus submitted and has received authorisation for the admissibility to listing on the Official List of the Malta Stock Exchange of up to 77,009,494 new ordinary shares in the Company having a nominal value of USD 0.50 which will be issued as a result of a Rights Issue to the shareholders on the Register of the Company at the Central Securities Depository of the Malta Stock Exchange as at the Record Date, the 21 May 2014. Such shareholders shall be entitled to subscribe to 16 new ordinary shares for every 41 ordinary shares in their possession at the Record Date at the Offer Price of USD 0.65. If subscribed to in full at the Offer Price, the Rights Issue will raise gross proceeds of USD 50,056,171. Any lapsed rights from the Rights Issue will be offered to Financial Intermediaries during an Intermediaries Offer.
Furthermore Tunis International Bank S.A. (TIB) has, by means of an underwriting agreement, undertaken in favour of the Bank to subscribe to such number of new ordinary shares under the Rights Issue not subscribed to during the Intermediaries Offer. The obligation of TIB under the underwriting agreement is limited to a maximum value of USD 5,000,000. Full details of the Rights Issue are included in the Prospectus dated 3 June 2014 which will be made available for viewing on this website as from 9 June 2014. A hard copy of the Prospectus shall be mailed to all the shareholders of the Company as at the Record Date.
For further information please refer to company announcements FIM210 and FIM211.
