Corporate DisclosureCITYBANK
CITYBANK Corporate Disclosure — 9 February 2016
Announcement summary
- What happened
- CITYBANK published a corporate disclosure on 9 February 2016. Read the full announcement for details.
- Company
- City Bank PLC.
- Announcement published
Original announcement
The Board of Directors has approved entering into Shareholders Agreement and Subscription Agreement among The City Bank Ltd. and International Finance Corporation's (IFC). Based on the agreements, IFC will invest in the City Bank's Equity Shares to hold 5.0% of outstanding no. of bank's common equity through issuance of fresh equity with 46,560,231 shares with an issue price of each share of Tk. 28.30 (Tk. 18.30 premium with a face value of Tk . 10.00 each). (cont. 1)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b0000400629ba
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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