Qannas Investments Limited Acquisition of Shares in Qannas Investments Ltd (9822E)
09 Julho 2019 - 11:09AM
UK Regulatory
TIDMQIL
RNS Number : 9822E
Qannas Investments Limited
09 July 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Qannas Investments Limited
("Qannas" or the "Company")
Holdings in Company / PDMR Dealing
The Board of Qannas has been informed that Abu Dhabi Financial
Group LLC ("ADFG") has today acquired 33,081,771 ordinary shares of
no-par value in the capital of the Company ("Ordinary Shares") on
9(th) July 2019 at a price of $0.63 per share through share
exchanges with a number of shareholders in both Qannas and ADFG, as
part of a restructuring of ADFG's shareholder structure ahead of
its proposed merger with Shuaa Capital.
As a result, ADFG's total direct and indirect interest in
Ordinary Shares has increased to 45,152,304 representing 75.87%
percent of the voting rights of the Company.
ADCM Ltd the investment manager of the Company is a wholly owned
subsidiary of ADFG.
For further information please contact:
Qannas Investments Limited Tel: 01534 844 806
Nadia Trehiou
ADCM Ltd. (Investment Manager) Tel: +971 2 639 0099
Mustafa Kheriba
finnCap Ltd Tel: 020 7220 0500
Henrik Persson/William Marle (Corporate Finance)
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Abu Dhabi Financial Group LLC
----------------------------------------- -----------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------------------
a) Position/status ADCM Ltd, the investment manager of
the Company is a wholly owned subsidiary
of ADFG
----------------------------------------- -----------------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------------- -----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a) Name Qannas Investments Limited (QIL)
----------------------------------------- -----------------------------------------------
b) LEI 21380042SL88EILG1I04
----------------------------------------- -----------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------------------
a) Description of the Shares of QIL
Financial instrument,
type of instrument
Identification code KYG7306P1037
----------------------------------------- -----------------------------------------------
b) Nature of the transaction Acquisition
----------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ------------------- -----------------------
$0.63 33,081,771
---------------------------------------------- ------------------- -----------------------
d) Aggregated information: 33,081,771 ordinary shares of no
* Aggregated volume par value have been acquired at $0.63
per share.
* Price
----------------------------------------- -----------------------------------------------
e) Date of the transaction 09(th) July 2019
----------------------------------------- -----------------------------------------------
f) Place of the transaction EUROCLEAR
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This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCZKLFBKDFBBBE
(END) Dow Jones Newswires
July 09, 2019 10:09 ET (14:09 GMT)
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