Announcement to our shareholders
Dividend distribution proposal for the year 2010
The Board of Directors meeting of Byblos Bank S.A.L. held on 16 April 2011 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on 5 May 2011, at the Bank’s Head Office, the distribution of dividends for the year 2010 as follows:
For Common Shareholders:
- LBP 200 per share (LBP 190 net of 5% withholding tax)
For Priority Shareholders:
- Annual interest of 4% of the nominal value of the priority shares (adjusted for the period extending from 1 January 2010 to 10 December 2010); LBP 46.2 per share (LBP 43.89 net of 5% withholding tax)
- LBP 200 per share (LBP 190 net of 5% withholding tax)
For Preferred Shareholders:
- Class 2008: USD 8 per share; (USD 7.6 net of 5% withholding tax)
- Class 2009: USD 8 per share; (USD 7.6 net of 5% withholding tax)
Subject to the General Assembly’s approval, such dividends will be paid on or about 11 May 2011, after deducting the 5% withholding tax, to shareholders as at 10 May 2011 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 6 May 2011.
For GDR holders:
LBP 200 per share paid in US dollars through the depositary, The Bank of New York Mellon
, after deducting the 5% withholding tax and other expenses starting 18 May 2011.