Effectiveness of the Stock Split.

Beirut, 20 May 2010
Audi Saradar Group (“the Bank”) hereby announces the effectiveness of the split of the Bank’s outstanding share capital, including the Bank’s Common Shares and Series “D” Preferred Shares, as well as the GDRs representing Common Shares, in each case, at a ratio of 10 to 1 (“the Split”).

The Split will become effective as of May 24, 2010, as determined by the Chairman of the Board of Directors of the Bank pursuant to a delegation duly granted to him by the Board of Directors of the Bank. The Bank’s Common Shares, Series “D” Preferred Shares and GDRs representing the Bank’s Common Shares will trade on a post-Split basis (as to both price and volume) from and after May 25, 2010.

On March 5, 2010, the Bank previously announced the approval of the Split by the Extraordinary General Assembly of Shareholders of the Bank pursuant to resolutions duly adopted at its meeting held on March 2, 2010. The Split was also approved by the Central Bank of Lebanon on April 21, 2010. .

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