IMB Group Holds Annual General Meeting
Kyiv, September 28, 2007. IMB Group Public Ltd (IMBG), Ukraine’s leading pure-play consumer lender, announced today that it has held its Annual General Meeting. The meeting has approved the following items:
- Allocation of a minority stake of the Company shares to International Finance Corporation (IFC) and for the purposes of the Company's Management Share Option Plan (MSOP) outside of the pre-emption process.
- Adoption of the new amended and restated Articles of Association of the Company.
- Approval of the audited report of the year 2006 financial results of the Company.
- Election Nacouzi & Co Limited as new local external auditor of the Company.
The share issue to the IFC significantly adds the Company's value due to IFC's reputation on the market and wide international investment experience. The Ñompany anticipates closing the share issue deal with IFC by the end of the year. As IMBG continues to attract top management from the international marketplace, it was necessary to increase the size of the MSOP to reflect the joint partnership between shareholders and management.
Finally, the new Articles of Association continue to place IMBG in the “best in class” status for companies operating in Ukraine and who would like to promote good corporate governance standards.
About IMB Group Public Ltd.:
IMB Group Public Ltd. is Ukraine’s leading pure-play consumer lending platform, offering mortgages, POS loans, and deposits. IMB Group owns 100% stakes in International Mortgage Bank (IMB) and Family Credit, a consumer lending intermediary. IMB Group is backed by Horizon Capital, Ukraine’s leading private equity fund manager, and leading global private equity firms Warburg Pincus with over $20bn under management, and East Capital with over $5bn under management.
03.10.2007
| 
Search
Print version