T + T – normal size DAMAC Properties announced that it had received a disclosure from Maple Invest Co Ltd regarding the partial acquisition offer submitted by DAMAC to acquire all of DAMAC’s shares, noting that it has become unconditional in all respects.
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DAMAC Properties announced that it has received a disclosure from Maple Invest Co Ltd regarding the partial acquisition offer submitted by DAMAC to acquire all of DAMAC’s shares, noting that it has become unconditional in all respects.
Maple clarified, in the disclosure published on the Dubai Financial Market website yesterday, that the final results of the offer show that its ownership will amount to 21.61% of the capital of the “DAMAC Real Estate” company, and the combined ownership of the final offeror will become, in addition to the ownership of the associated group, 95.54%. .
In a separate disclosure, “DAMAC” announced that “Mabel Invest Co. Ltd.” will continue, during the coming period, to purchase “DAMAC” shares from shareholders wishing to sell, according to the following conditions:
The purchase process must be carried out through the Dubai Financial Market through trading inside the hall.
– That the purchase be made at a price of 1.40 dirhams per share, and that Maple discloses that it has stopped making these purchases one working day before the decision to stop.
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