BANCO LATINOAMERICANO DE EXPORTACIONES S.A. - Bladex Redeemption on Preferred Shares
March 23 2005 - 3:00AM
PR Newswire (US)
BANCO LATINOAMERICANO DE EXPORTACIONES S.A. - Bladex Redeemption on
Preferred Shares Banco Latinoamericano de Exportaciones, S.A.
Redeemption on Preferred Shares PANAMA, Republic of Panama, March
23 -- Banco Latinoamericano de Exportaciones, S.A. (Bladex or "The
Bank") (NYSE: BLX) notifies its preferred shareholders that,
pursuant to the terms and conditions of its preferred shares,
effective May 16, 2005, the Bank will redeem a total of 304,639
preferred shares (which represents 20% of the preferred shares
outstanding as of March 15, 2002) among the preferred shareholders
registered as of March 15, 2005. For this purpose, a drawing will
be held at Bladex's headquarters located at 50th Street and
Aquilino de la Guardia Street, Panama, Republic of Panama, on
Wednesday, March 23, 2005 at 11:00 a.m. local time, to select the
preferred shares to be redeemed at par value of US$10.00 per share.
As part of the procedures established for selecting the preferred
shares, the stock certificates will be listed in the order they are
drawn until they reach 304,639 preferred shares. In the event that
the last certificate of preferred shares cannot be paid in full
because it exceeds 304,639 preferred shares, this certificate will
be partially redeemed and a new share certificate with the number
of shares that were not redeemed will be sent to the shareholder.
The drawing will take place before a Notary Public of the Republic
of Panama and officers of Bladex's Internal Audit Department.
Bladex will announce the results of the drawing to all the
registered preferred shareholders. The results will be also
available on Bladex's web site at www.blx.com on March 24, 2005. In
order to receive payment, shareholders of the selected certificates
must send their certificates to Bladex at the following address:
Luisa Lin de Polo Assistant Manager Shareholder Relations Bladex
P.O. Box 6-1497 El Dorado Panama, Republic of Panama Phone: (507)
210-8667 Fax: (507) 210-8666 E-mail: lpolo@blx.com Payment will be
made as soon as Bladex receives the corresponding certificates.
Bladex is a supranational bank originally established by the
Central Banks of Latin American and Caribbean countries to promote
trade finance in the Region. Based in Panama, its shareholders
include central banks and state owned entities in 23 countries in
the Region, as well as Latin American and international commercial
banks and institutional and retail investors. Through December 31,
2004, over its 25 years of operations, Bladex had disbursed
accumulated credits of over US$129 billion. SOURCE Banco
Latinoamericano de Exportaciones, S.A. -0- 03/23/2005 /CONTACT:
Luisa Lin de Polo, Assistant Manager, Shareholder Relations,
Bladex, +011-507-210-8667, or fax, +011-507-210-8666, or
lpolo@blx.com / /Web site: http://www.blx.com / (BLX) END
DATASOURCE: BANCO LATINOAMERICANO DE EXPORTACIONES S.A.
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