NBAD Subdebt due 2018 - Conversion price (3078A)
March 28 2012 - 12:31PM
UK Regulatory
TIDM76CS
RNS Number : 3078A
National Bank of Abu Dhabi P.J.S.C.
28 March 2012
NATIONAL BANK OF ABU DHABI
FOR IMMEDIATE RELEASE
Abu Dhabi - Wednesday, 28 March 2012
At the AGM on 13 March 2012, a cash dividend distribution of AED
0.30/share and a stock dividend of 35% (35 bonus shares for every
100 shares) was approved. To give effect to this as per Prospectus
clause 5(b)(i) and 5(b)(v) of the NBAD AED 2,000,000,000 US Dollar
Subordinated Convertible Notes due 2018 (ISIN XS0346928749), the
conversion rate shall be adjusted from 17.41 AED/share to 12.81
AED/share as determined by the Independent Financial Advisor.
For further information, please contact NBAD Investor relations
(investorrelations@nbad.com).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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