VOL. XLVI

No 11

17-March-2003

REGIONAL BANKING

Investcorp Announces Shareholding Rationalization Plan

The shareholders of Investcorp Bank, at an extraordinary general meeting held on 9 March, approved the implementation of a plan designed to achieve closer alignment with a strong base of committed shareholders who have a long-term perspective on the continued growth and development of the company. The plan involves a share consolidation whereby 1,000 current ordinary shares will be consolidated...