FIMBank plc – Closure of Rights Issue and Opening of Lapsed Rights Offer

FIMBank plc announced that, as at the closing of the Rights Issue on Wednesday, 25 June 2014, 66,111,225 Rights were fully paid and taken up which will result in 66,111,225 new ordinary shares having a nominal value of US$ 0.50 being issued, allotted and admitted to listing on the Official List of the Malta Stock Exchange on Friday, 4 July 2014. Trading in the new ordinary shares is expected to commence on Monday, 7 July 2014. 

The Rights that were not taken up by Wednesday, 25 June 2014 are deemed to be lapsed or renounced rights (the “Lapsed Rights”). Pursuant to the Listing Rules, the Issuer will endeavour to sell the Lapsed Rights on behalf and for the account of the holders of the Lapsed Rights through an intermediaries offer (the “Intermediaries Offer”) to be held to auction the 10,898,269 Lapsed Rights. 

In the best interest of the Lapsed Rights holders, the Issuer has entered into an agreement with a number of licensed members of the Maltese Stock Exchange (the “Financial Intermediaries”).

To view the official company announcement, click here.