One share for every 7.32 shares held by Emirates NBD

Dubai 28-10-2019
Emirates NBD has announced the details of its capital increase through a rights issue of AED 6.45 billion, with one share for every 7.32 shares held by the shareholder.
In a statement posted on the Dubai Financial Market website, the bank said that according to the laws in force in the UAE, there are no fractional shares. stocks.
He added that the allocation of rights to shareholders on October 31, 2019 will be on the distribution of one right per 7.32 shares, and since the bank is unable to allocate fractions of rights, the total number of rights allocated to each shareholder will be rounded to the lowest integer number of rights.
The board of directors of Emirates NBD agreed at a previous meeting to increase the issuer’s capital by 14% from 5.6 billion shares to 6.3 billion shares through issuance rights.
New shares will be issued with a maximum of 758.8 million shares at an issue price of AED 8.5 per new share.