BLC calls for extraordinary assembly

Series B Preferred Shares’ holders to assign representative

BLC Bank, member of Fransabank Group, has called the holders of ‘Class B Preferred Shares’ for an extraordinary general assembly on March 21 at the bank’s head office in Beirut.

The assembly will mainly address setting the rules of procedure for the committee of the holders of Series B Preferred Shares. It will also assign a representative for the committee.

BLC Bank released 550,000 shares of its Series B Preferred Shares, each with an issue price of $100 and a minimum subscription amount of $20,000.