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Dividend Proposal

26th Mar 2013 16:00

RNS Number : 9298A
Bank Audi SAL- Audi Saradar Group
26 March 2013
 



 

Beirut, March 26, 2013

 

 

Announcement Issued by Bank Audi SAL - Audi Saradar Group

 

 

Dividend Distribution Proposal

 

In its meeting held on March 21, 2013, the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. 

Subject to the General Assembly's approval, such dividends will be paid on or about April 10, 2013 to holders of common shares as at April 5, 2013 (Record Date), according to the records of Midclear S.A.L (The Central Depository).

 

________________________

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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