The Abu Dhabi Stock Exchange (ADX) announced that the shares of ADNH Catering PLC are listed on the ADX under the trading symbol (ADNHC) in the first market.
Publish dateWednesday 23 October 2024 - 13:00
According to Amac News: The ADX announcement states that the company's stock price will float for three trading sessions from the date of release so that the price is not subject to the daily increase and decrease limits (15% highest and 10% lowest) in these three sessions.
According to the announcement, based on the decision of the ADX board, the reference price of the company's shares at the time of trading in the market is the final offering price for public subscription, which is 0.96 dirhams.
The company has successfully completed the bookkeeping and public subscription process for its initial public offering (IPO) on the ADX.
A total of 900 million shares were made available in the offering, representing 40% of ADNH Catering's total issued share capital, raising gross proceeds of AED 864 million and implying a market capitalization of the listed group of AED 2.16 billion.
According to the announcement, based on the decision of the ADX board, the reference price of the company's shares at the time of trading in the market is the final offering price for public subscription, which is 0.96 dirhams.
The company has successfully completed the bookkeeping and public subscription process for its initial public offering (IPO) on the ADX.
A total of 900 million shares were made available in the offering, representing 40% of ADNH Catering's total issued share capital, raising gross proceeds of AED 864 million and implying a market capitalization of the listed group of AED 2.16 billion.
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Source : news agency wam
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