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Malta : FIMBank received approval from MALTA Stock Exchange for 77 million share listing

June 5, 2014

FIMBank deckared that it has been received approval from the Malta Stock Exchange for the listing of up to 77,009,494 new ordinary shares in the company having a nominal value of USD0.50, which will be delivered as a result of a rights issue to its stockholders.

Investor shall be titled to enrol in to 16 new ordinary shares for every 41 ordinary shares in their ownership at 65 cents USD. If subscribed to in full at the offer price, the rights issue will increase gross proceeds of USD 50,056,171.

By means of an underwriting deal, Tunis International Bank S.A. (TIB) has commenced 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 liability of TIB is limited to a maximum value of USD 5 million.

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Source: TendersInfo (India)

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