Bank Audi SAL BQAD Result of EGM

  Bank Audi SAL (BQAD) - Result of EGM

RNS Number : 7273O
Bank Audi SAL- Audi Saradar Group
15 October 2012




Bank Audi sal - Audi Saradar Group



                                                                             

                                                              October 15, 2012



                                      

   Resolutions adopted at the Extraordinary General Meeting of Shareholders
                             of October 15, 2012







Sole Resolution



The Extraordinary General Meeting of shareholders  of Bank Audi s.a.l. -  Audi 
Saradar Group, having reviewed  allsubmitteddocuments, declares that it  has 
verified the implementation of the increase of the Bank's share Capital by  an 
amount of L.L. 387,812,040 through the issuance of 309,260 Common Shares fully
subscribed to  and paid  up by  the beneficiaries  of Stock  options who  have 
exercised their option rights.



Pursuant thereto, the  Extraordinary General Meeting  of Shareholders of  Bank 
Audi s.a.l. - Audi Saradar Group resolves to:

- Confirm  the adequate  completion  of all  formalities relating  to  the 
increase of  Capital  of  Bank  Audi  SAL  -  Audi  Saradar  Group  from  L.L. 
457,321,189,776 to L.L.457,709,001,816, i.e. by an amount of L.L. 387,812,040;

- Declare that the capital of Bank  Audi s.a.l. - Audi Saradar Group  is 
now L.L. 457,709,001,816 fully  paid up and  divided into 364,999,204  nominal 
shares ^(1) having a nominal value of L.L. 1,254 each;

- Declare, pursuant to  the above, that the  modification of articles  6 
and 8 of  the by-laws of  Bank Audi s.a.l.  - Audi Saradar  Group, as per  the 
fifth resolution of the Extraordinary General Meeting of Shareholders held  on 
June 22, 2012, is now effective;

- Grant discharge to the Chairman and members of the Board of  Directors 
in respect  of  all actions  relating  to  the capital  increase  through  the 
issuance of the 309,260 Common Sharesfully  subscribed to and paid up by  the 
beneficiaries of  Stock  options  who  have  exercised  their  option  rights, 
including the subscription procedures and the payment of the nominal value  of 
the  issued  shares   and  of   their  issuance   premium.  Furthermore,   the 
Extraordinary General Meeting of shareholders  grants each of the Chairman  of 
the Board of Directors - General Manager, Mr. Raymond Audi, and the member  of 
the Board of Directors - General  Manager, Mr. Samir Hanna, acting jointly  or 
severally, and any other person empowered by  any of them, the power to  carry 
out all legal formalities,  including without limitation  (i) the transfer  of 
the capital  increase  and  issue  premium  amounts  to  the  Bank's  ordinary 
accounts, and (ii) the publication, registration and execution of all  related 
documents.





                                *************

^(1) Including Common Shares and preferred shares

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           The company news service from the London Stock Exchange

END


REGBSBDGCGBBGDU -0- Oct/15/2012 15:00 GMT
 
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