The EGM was attended by shareholders representing 91.24 per cent of EBI's total outstanding share capital, exceeding the 75% quorum required to approve the Merger. Resolutions relating to the Merger were unanimously approved at the EGM.
The approval of the Merger by EBI's shareholders is a significant endorsement of the merits of the Merger. NBD shareholders will be given the opportunity to vote in favour of the Merger at their EGM tomorrow.
The Offer being made by Emirates NBD PJSC, in accordance with the terms contained in the offer document remains open until 3.00pm (Dubai time) on Monday 17 September 2007. Shareholders that have not tendered their shares have until this time to do so.
EBI and NBD shareholders who have not yet tendered their shares, and wish to do so, should complete the form of acceptance in accordance with the process set out in the offer document distributed to shareholders in July.
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Emirates Bank International announces results of its EGM
- United Arab Emirates: Thursday, September 06 - 2007 at 08:09
- PRESS RELEASE
Dubai, Emirates Bank International PJSC ('EBI') announced that the resolutions put forward in relation to its proposed merger (the 'Merger') with National Bank of Dubai PJSC ('NBD'), to be effected through the offer by Emirates NBD PJSC to acquire the share capital of EBI and NBD (the 'Offer'), were passed at the extraordinary general meeting ('EGM') held on 5th September 2007.
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FOR FURTHER INFORMATIONMedia:
Neil Doyle
T: +971 50 843 2465
Ibrahim Makami
Capital MS&L
T: +971 50 735 0846
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, September 06 - 2007 at 08:09 UAE local time (GMT+4)
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