BRIEF: UAE's NBF Converts AED 500 Mln Notes Into Ordinary Shares

NATIONAL BANK OF FUJAIRAH NBF.AD :

* CONFIRMS CONVERSION OF TIER 1 CAPITAL NOTES OF AED 500 MILLION INTO 175.4 MILLION ORDINARY SHARES OF BANK

* CONVERSION OF TIER 1 CAPITAL NOTES WITH A FACTOR OF CONVERSION EQUAL TO 2.85 FOR EACH NOTE

* TOTAL NUMBER OF ORDINARY SHARES OF BANK HAVE INCREASED FROM 1.47 BILLION ORDINARY SHARES INTO 1.64 BILLION ORDINARY SHARES

Source:(https://bit.ly/2PmeWqB) Further company coverage: NBF.AD

((Reuters.Briefs@thomsonreuters.com;))

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