European Islamic Investment BankPLC Result of Tender Offer (5698M)
May 08 2015 - 1:00AM
UK Regulatory
TIDMEIIB
RNS Number : 5698M
European Islamic Investment BankPLC
08 May 2015
European Islamic Investment Bank plc
Result of Tender Offer
Further to the announcement made by European Islamic Investment
Bank plc (the "Company") on 20 April 2015 regarding the publication
of a circular explaining the terms of a Tender Offer for up to
GBP20 million, the Company today announces the result of the Tender
Offer.
Result of the Tender Offer
A total of 19,938,858 Shares (being 50.55 per cent. of the
Company's Shares in issue as at 7 May 2015) were validly tendered
under the Tender Offer. As a result, the Tender Offer was
oversubscribed. The Basic Entitlement of all Shareholders who have
validly tendered their Shares will be accepted in full and excess
tenders will be satisfied to the extent of approximately 17.96 per
cent. of the excess Shares tendered.
8,000,000 Shares will be repurchased by the Company under the
Tender Offer and cancelled, equating to 20.28 per cent. of the
Company's Shares in issue as at 7 May 2015.
It is expected that cheques will be despatched and CREST
accounts will be credited with proceeds in respect of successfully
tendered Shares and with unsold uncertificated Shares and that the
balancing Share certificates and TFE messages in respect of any
unpurchased Shares will be despatched during the week commencing 18
May 2015.
Following the implementation of the Tender Offer the Company
will have 30,446,654 Shares in issue (excluding 995,130 Shares held
in Treasury).
Accordingly, 30,446,654 Shares may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interests in, the Company under the FCA's Disclosure and
Transparency Rules.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meaning given to them in the
Circular.
Enquiries:
European Islamic Investment Tel: +44 (0)20 7847 9900
Bank plc
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Zak Hydari, CEO
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Westhouse Securities Tel: +44 (0)20 7601 6100
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Antonio Bossi / David Coaten
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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