FCMB Group PLC

PROPOSED SCHEME OF MERGER BETWEEN FIRST CITY MONUMENT BANK PLC AND FINBANK PLC

 

Introduction

Further to the announcement made by FCMB on February 10, 2012 regarding the completion of the acquisition of FinBank, we are pleased to inform you that, following further discussions between the Boards of Directors of FCMB and FinBank, both boards are now agreed that it is in the best interest of the shareholders of their respective banks to proceed to a complete merger of the two banks. This proposed merger will be effected through a Scheme of Merger, pursuant to Part XII of the Investments and Securities Act No. 29 of 2007 and when concluded, will result in FinBank being merged with FCMB to create an Enlarged FCMB.

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