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Emaar Development Receives Emaar Properties' Voluntary Cash Offer For UpTo 100% Of Shares

By Reuters News

Nov 5 (Reuters) - EMAAR DEVELOPMENT PJSC EMAARDEV.DU:

  • EMAAR DEVELOPMENT-RECEIVES NOTIFICATION FROM EMAAR PROPERTIES OF INTENTION TO SUBMIT VOLUNTARY CASH OFFER TO ACQUIRE UPTO 100% OF EMAAR DEVELOPMENT

  • EMAAR DEVELOPMENT-RECEIVED NOTIFICATION FROM EMAAR PROPERTIES POF ITS INTENTION TO SUBMIT A VOLUNTARY CASH OFFER TO ACQUIRE UP TO 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF EMAAR DEVELOPMENT NOT ALREADY HELD BY EMAAR PROPERTIES AND ITS INDIRECT WHOLLY OWNED SUBSIDIARY, EMIRATES PROPERTY HOLDINGS LIMITED (EPHL)

  • EMAAR DEVELOPMENT- EMAAR PROPERTIES AND EPHL TOGETHER HOLD 80.1613% OF SHARE CAPITAL OF THE COMPANY

  • THE OFFER RELATES TO THE REMAINING 19.8387% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF EMAAR DEVELOPMENT

Further company coverage: EMAARDEV.DU

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