TIDM43BI

RNS Number : 6047T

ADCB Finance (Cayman) Ltd

21 March 2019

Notice to creditors of

Abu Dhabi Commercial Bank PJSC

Following the announcement on 29(th) January 2019 that Abu Dhabi Commercial Bank PJSC (ADCB) and Union National Bank PJSC (UNB) intend to merge and together acquire Al Hilal Bank PJSC (AHB), we would like to update you on the transaction and your rights as a creditor of ADCB.

On 21(st) March 2019, the shareholders of ADCB and UNB passed the necessary

shareholder resolutions at their respective general assembly meetings to approve the

proposed merger, pursuant to the UAE Federal Law No. 2 of 2015 Concerning Commercial

Companies (the Law). ADCB shareholders also approved the acquisition of the entire issued share capital of AHB immediately following the completion of the proposed merger.

The combination of the three banks creates a robust platform to grow the Bank's consumer and wholesale businesses in both conventional and Islamic banking. Greater scale will permit larger scope for nancing to support the UAE's economic agenda for diversi cation, growth and investment in the bank's people, technology and infrastructure.

Pursuant to Article 288 (4) of the Law, we would like to notify you, as a creditor of ADCB, of the right to object to the proposed merger in writing within 30 (thirty) days from the date of this notice at the head o ce of ADCB as set out below:

Abu Dhabi Commercial Bank PJSC

Abu Dhabi Commercial Bank Building

Sheikh Zayed Bin Sultan Street

P.O. Box 939, Abu Dhabi

United Arab Emirates

You would also need to deliver a copy of your objection to the Securities & Commodities Authority (within such 30 day period) at the following address:

The Securities and Commodities Authority

13(th) Floor, Al Gaith Tower

Hamdan Bin Mohammed Street, Abu Dhabi

United Arab Emirates

We will be happy to assist should you have any questions. For more information on the proposed merger, please

visit beyondambition.com

Abu Dhabi Commercial Bank PJSC

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ISESELFFFFUSEED

(END) Dow Jones Newswires

March 21, 2019 07:29 ET (11:29 GMT)

Adcb Fin. 2027 (LSE:43BI)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Adcb Fin. 2027 Charts.
Adcb Fin. 2027 (LSE:43BI)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Adcb Fin. 2027 Charts.