Board of Directors of AfrAsia Bank Limited (‘ABL’) wishes to inform its shareholders that on 1st March 2018, the Board approved a Rights Issue of up to 6,944,444 new ordinary shares to raise an additional capital of MUR 499,999,968.

 

The proposed Rights Issue shall be recommended to the Shareholders at the forthcoming Special Meeting to be held on 5th April 2018 and shall be subject to the approval of the Regulators.

Shareholders of the Bank are hereby informed that the Information Memorandum with respect to the Rights Issue can be consulted on the Bank’s website pending receipt of the document by email or post.

Shareholders are therefore advised to exercise caution when dealing in the Bank’s shares and will be kept informed of any further developments.

By order of the Board
IBL Management Ltd
Secretary
15th March 2018

This Communiqué is issued pursuant to the Securities Act 2005. The Board of Directors of AfrAsia Bank Limited accepts full responsibility for the accuracy of the information contained in this communiqué.

Business Registration number: C07067923