INVEST BANK INVB.AD :
* GENERAL ASSEMBLY (GM) TO MEET ON DECEMBER 29 TO APPROVE INCREASE OF ISSUED CAPITAL BY 1.59 BILLION SHARES ISSUED TO GOVERNMENT OF SHARJAH AS A STRATEGIC INVESTOR
* INCREASE OF ISSUED CAPITAL AT PAR VALUE OF AED 1 WITH AN ISSUE DISCOUNT EQUATING TO AED 0.30 PER SHARE
* SAYS TOTAL CONSIDERATION FOR ABOVE INCREASE BEING AED 1.12 BILLION
* ON APPROVAL OF STRATEGIC INVESTMENT, CAPITAL INCREASE AND WHEREAS ISSUED, PAID UP CAPITAL OF INVEST BANK BECOME EQUAL TO AED 3.18 BILLION
* GENERAL ASSEMBLY (GM) TO APPROVE ISSUED SHARE CAPITAL INCREASE BY WAY OF RIGHTS ISSUE OFFERED TO SHAREHOLDERS, AS SECOND STAGE FOLLOWING STRATEGIC INVESTMENT
* ISSUED SHARE CAPITAL INCREASE BY ISSUING SHARES AT PAR VALUE OF AED 1 WITH AN ISSUE DISCOUNT EQUATING TO AED 0.30 PER SHARE
* TO AUTHORISE BOARD TO DETERMINE QUANTUM OF SHARE CAPITAL INCREASE AND APPROPRIATE TIMING TO ISSUE CORRESPONDING SHARES TO ALL SHAREHOLDERS
Source: (https://bit.ly/2Q28y7n) Further company coverage: INVB.AD
((Reuters.Briefs@thomsonreuters.com;))
