THE GROUP
Issued and fully paid202020192018
Number of sharesAmountNumber of sharesAmountNumber of sharesAmount
MUR'000MUR'000MUR'000
USD 20,000,000 Class A Series 1 Shares2,000,000604,5802,000,000604,5802,000,000604,580
MUR 800,000,000 Class A Series 2 Shares8,000,000800,0008,000,000800,0008,000,000800,000
Transaction costs-(4,812)-(4,812)-(4,812)
10,000,0001,399,76810,000,0001,399,76810,000,0001,399,768
THE BANK
Issued and fully paid202020192018
Number of sharesAmountNumber of sharesAmountNumber of sharesAmount
MUR'000MUR'000MUR'000
USD 20,000,000 Class A Series 1 Shares2,000,000604,5802,000,000604,5802,000,000604,580
MUR 800,000,000 Class A Series 2 Shares8,000,000800,0008,000,000800,0008,000,000800,000
Transaction costs-(18,812)-(18,812)-(18,812)
10,000,0001,385,76810,000,0001,385,76810,000,0001,385,768
THE GROUP AND THE BANK
Analysed as follows:202020192018
Number of sharesAmountNumber of sharesAmountNumber of sharesAmount
MUR'000MUR'000MUR'000
USD 20,000,000 Class A Series 1 Shares
At 30 June2,000,000604,5802,000,000604,5802,000,000604,580
202020192018
Number of sharesAmountNumber of sharesAmountNumber of sharesAmount
MUR'000MUR'000MUR'000
MUR 800,000,000 Class A Series 2 Shares
At 30 June8,000,000800,0008,000,000800,0008,000,000800,000
The Class A shares do not carry any general voting right at any shareholders meeting of the Bank other than an irrevocable right to vote on any proposal to amend the Class A shares Terms and Conditions.
The shares are callable, at the option of the issuer, six years after the issue date (30 June 2014), with the prior approval of the Bank of Mauritius. The bank has not exercise the option to redeem the shares as at 30 June 2020.
Dividends are payable at the discretion of the Board of Directors of AfrAsia Bank Limited and subject to the prior approval of Bank of Mauritius.