30 June, 2016
On 25 May 2016, the shareholders of the Company approved, at the Company’s Annual General Meeting, the acquisition by the Company of 280,113 ordinary shares of USD 1 each in the capital of the Company from Cementech Limited (the “Purchase Shares”). On 29 June 2016, the Company completed the acquisition of the Purchase Shares. The purchase price for the acquisition of the Purchase Shares was the mid-market trading price on Nasdaq Dubai on 29 June 2016, being USD 4.875.
Following completion of the acquisition, all of the Purchase Shares will be cancelled and the share capital of the Company will be reduced from USD 118,041,492 to USD 117,761,379.