Announcement of Notification to Submit a Voluntary Conditional Cash Offer to Acquire AD Ports Group Shares
AD Ports Group (ADX: ADPORTS), a leading global facilitator of trade, logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC (L’IMAD), a sovereign investor of the Government of Abu Dhabi, of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding ...
AD Ports Group, a prominent global trade, logistics, and industry facilitator, has been informed by L’IMAD Holding Company PJSC, a sovereign investor of the Abu Dhabi Government, of its intent to submit a voluntary conditional cash offer. This offer, facilitated by AD Ports Group’s wholly-owned subsidiary, Abu Dhabi Developmental Holding Company PJSC (ADQ), aims to acquire up to 100% of AD Ports Group’s issued and paid-up share capital, excluding any already held by ADQ (currently 75.42%).
The proposed offer price per share is AED 6.25, with the matter to be discussed by the Group’s Board of Directors following the procedures outlined in Capital Market Authority Decision No. (18/R.M) of 2017. Further updates on the development will be provided by AD Ports Group as appropriate.
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