FIMBank plc – Share Transfer

June 21, 2013
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

FIMBank plc announced that as of the 20 June, 2013:

(i) the Bank has been formally notified by Burgan Bank and UGB that the Share Acquisitions have been completed with effect from the 20 June 2013 and that Burgan Bank is now the owner of 35,000,000 Ordinary Shares whereas UGB is the owner of 17,948,867 Ordinary Shares in the Bank. Following the said transactions Burgan Bank holds 24.49% of the Ordinary Shares and UGB holds 12.56% of the Ordinary Shares in the Bank; and

(ii) the Bank and UGB have signed the Convertible Loan, together with other attendant documents.

To view the official company announcement, click here.