Ten per cent of the Ordinary Shares
of Alba, amounting to 142,000,000 Ordinary Shares
, in the form of 69,018,875 Ordinary Shares
and 14,596,225 GDRs, were offered by Mumtalakat .There will be no over-allotment in connection with the offering.
Also, acquisitions may be made at a price within the registered price interval at any given time and all acquired ordinary shares
shall be paid in cash.
Including exercise of the additional purchase option, the Elan subsidiary is expected to own 7.75m ordinary shares
, subject to transfer restrictions.
The new ordinary shares
will rank pari-passu with existing ordinary shares
and it is expected that Admission will occur at 8.00 a.m.
Each class A ordinary share
entitles to one vote, while each class B ordinary share
, as well as each preference share, entitles to one-tenth of a vote.
The independence of the third party enables the Company to continue to purchase Ordinary Shares
(including Ordinary Shares
underlying ADRs) during close periods and other prohibited periods, should they arise.
The ordinary shares
that United Drug bought back will be cancelled in a move that will reduce the size of the company's issued share capital to 239,197,994 shares.
Beginning on November 16, 2018, the company's ordinary shares
will trade on the NASDAQ on post-consolidation basis.
Victoria Park AB (STO:VICPA), a developer and manager of property in South Sweden, reported on Friday that during September 2017, the number of votes and the distribution between class A ordinary shares
and class B ordinary shares
in the company has changed due to the conversion of class A ordinary shares
to class B ordinary shares
Manx Financial Group Plc (LSE: MFX), the UK's offshore banking and finance group, has said that Pershing Nominees Limited, in trust for Jim Mellon, chairman and director of the company, has purchased 325,000 ordinary shares
at an average price of GBP5.9762 per share.
JMU has changed the ratio of its American depositary shares to ordinary shares
, par value $0.00001 per share, from one ADS representing 18 ordinary shares
to one ADS representing 180 ordinary shares
, effective on July 31.