Shareholder Information

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Byblos Bank

Investor Relations

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Shareholder Information

Byblos Bank understands that transparency alone is not enough if practical obstacles prevent Shareholders from quickly and easily accessing the information we provide. For this reason, we have dedicated multiple communication channels so that Shareholders can obtain both general and specific information at their own convenience. Click here to read our Shareholder Information Guidelines


To help us honor our commitment to transparent and timely communication with our Shareholders, please fill in the form below to start receiving relevant updates about the Bank’s financial performance, business partnerships, and other commercial activities.



 

Share Types

Byblos Bank currently has three types of shares in circulation: common, GDRs and preferred. While the common and preferred shares are traded on the Beirut Stock exchange, GDRs are traded on both the Beirut Stock Exchange and the London Stock Exchange. 

The capital of the Bank is divided into 569,515,040 shares with a par value of LBP 1,210, consisting of:

  • 565,515,040 Common Shares (out of which ˜ 8% GDRs)
  • 2,000,000 Series 2008 Preferred Shares 
  • 2,000,000 Series 2009 Preferred Shares 

 

Global Depository Receipts (GDRs)

On 6 February 2009, the Bank entered into a depositary agreement with The Bank of New York Mellon (acting as depositary) and established a Global Depository Receipts Program pursuant to which holders of common shares were given the option to deposit their common shares for the issuance of GDSs at a ratio of 50 common shares per GDS. GDSs, representing currently around 8% of the common shares, were issued under the GDR Program and admitted to trading on the London Stock Exchange’s Main Market on 19 February 2009, making the Bank the first Lebanese bank to obtain a listing on the Official List of the United Kingdom Listing Authority in 12 years. 

 

Series 2008 Preferred Shares

On 15 August 2008, and based on the decision of the Extraordinary General Assembly held on 18 July 2008, the Bank issued Series 2008 Preferred Shares according to the following terms:

Number of shares: 2,000,000

Share’s issue price: USD 100

Share’s nominal value: LBP 1,210

Benefits: Non-cumulative annual dividends of USD 8.00 per share, subject to the availability of non-consolidated distributable net profits.

Repurchase right: Redeemable (at a date subsequent to the approval of 2013 accounts by the General Assembly) at the Bank’s option at the issue price plus any declared but unpaid distributions for all the years preceding the year of the call, with the condition that at least 25% of the original number of the preferred shares are called each time.

 

Series 2009 Preferred Shares

On 4 September 2009, and based on the decision of the Extraordinary General Assembly held on 1 August 2009, the Bank issued Series 2009 Preferred Shares according to the following terms:

Number of shares: 2,000,000

Share’s issue price: USD 96

Share’s nominal value: LBP 1,210

Benefits: Non-cumulative annual dividends of USD 8.00 per share, subject to the availability of non-consolidated distributable net profits.

Repurchase right: Redeemable (at a date subsequent to the approval of 2014 accounts by the General Assembly) at the Bank’s option at USD 100 plus any declared but unpaid distributions for all the years preceding the year of the call, with the condition that at least 25% of the original number of the preferred shares are called each time.


Byblos Bank Prospectuses 

Dividends

The Ordinary General Assembly held on 17 April 2019 at the Bank’s Headquarters, approved the distribution of dividends for the year 2018 as follows:

For Common Shareholders:

  • LBP 212 per share (LBP 190.8 net of 10% withholding tax)

 

For Preferred Shareholders:

  • Class 2008: USD 8 per share; (USD 7.2 net of 10% withholding tax)
  • Class 2009: USD 8 per share; (USD 7.2 net of 10% withholding tax)

 

Such dividends will be paid on or about 25 April 2019 after deducting the withholding tax (of 10%), to shareholders as at 24 April 2019 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 April 2019. 

For GDR holders:

  • LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax (of 10%) and other expenses starting 2 May 2019.

General Assemblies

Invitation to an Extraordinary General Assembly

 

The shareholders of Byblos Bank S.A.L. are invited to attend the Extraordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 9:00 am on Friday, 21 February 2020, in order to discuss and decide on the matters listed on the following agenda:

 

1- To approve the signature of a cash contribution to capital agreement in the amount of USD/135,000,000/ (one hundred thirty-five million United States dollars) convertible into Byblos Bank S.A.L. shares.
2- To approve the increase of Byblos Bank S.A.L. capital in stages not exceeding in the aggregate USD/135,000,000/ (one hundred thirty-five million United States dollars), available for subscription by the holders of cash contribution to capital only and determine the terms of the capital increase.
3- Miscellaneous.

 

The Board of Directors’ report on the agreement of cash contribution to capital convertible into shares, the main terms of the agreement, and the auditors’ report will be made available to the shareholders at the headquarters of Byblos Bank S.A.L. in Beirut, Ashrafieh, Elias Sarkis Avenue, during the regular business hours 25 days at least before the meeting.


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