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Emaar Properties Board Grants Final Nod To Submit Intention For UpTo 100% Of Emaar Development

By Reuters News

Nov 5 (Reuters) - EMAAR PROPERTIES EMAR.DU:

  • EMAAR PROPERTIES-BOARD RESOLVES TO GRANT FINAL APPROVAL TO SUBMISSION BY COMPANY OF NOTICE OF INTENTION TO MAKE A VOLUNTARY CASH OFFER TO ACQUIRE UP TO 100% OF ISSUED AND PAID-UP SHARE CAPITAL OF EMAAR DEVELOPMENT NOT ALREADY OWNED BY EMAAR PROPERTIES AND ITS INDIRECT WHOLLY OWNED SUBSIDIARY, EMIRATES PROPERTY HOLDINGS LIMITED (EPHL)

  • EMAAR PROPERTIES- DEAL AT AN OFFER PRICE OF AED 15 PER SHARE IN CASH

  • EMAAR PROPERTIES- BOARD FURTHER APPROVED APPOINTMENT OF J.P. MORGAN SECURITIES AS FINANCIAL ADVISER TO CO IN RELATION TO OFFER

  • EMAAR PROPERTIES- BOARD FURTHER APPROVED APPOINTMENT OF EMIRATES NBD CAPITAL AS LEAD MANAGER

  • EMAAR PROPERTIES- BOARD FURTHER APPROVED APPOINTMENT OF FIRST ABU DHABI BANK AS COLEAD MANAGER

  • EMAAR PROPERTIES- BOARD APPROVED APPOINTMENT OF EMIRATES NBD BANK AS LEAD RECEIVING BANK

  • EMAAR PROPERTIES- BOARD APPROVED APPOINTMENT OF ALLEN OVERY SHEARMAN STERLING LLP AS LEGAL ADVISER TO CO

Further company coverage: EMAR.DU

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