Qannas Investments Limited Acquisition of Shares in Qannas Investments Ltd (7388O)

TIDMQIL

RNS Number : 7388O

Qannas Investments Limited

31 January 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Qannas Investments Limited

("Qannas" or the "Company")

Holdings in Company / PDMR Dealing

The Board of Qannas announces that Abu Dhabi Financial Group LLC ("ADFG") has acquired 787,408 ordinary shares of no-par value in the capital of the Company ("Ordinary Shares") from Integrated Capital PJSC ("IC") on 31(st) Jan 2019 at $0.45 per share.

As a result, ADFG's total direct and indirect interest in Ordinary Shares has increased to 12,070,533 representing 20.3% percent of the voting rights of the Company.

ADCM Ltd the investment manager of the Company is a wholly owned subsidiary of ADFG.

For further information please contact:

Qannas Investments Limited Tel: [phone]

Nadia Trehiou

ADCM Ltd. (Investment Manager) Tel: [phone]

Mustafa Kheriba

finnCap Ltd Tel: [phone]

Henrik Persson/William Marle (Corporate Finance)

 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Abu Dhabi Financial Group LLC 
      ------------------------------------------  ----------------------------------------------- 
 2.    Reason for the Notification 
      ------------------------------------------------------------------------------------------- 
 a)    Position/status                             ADCM Ltd, the investment manager of 
                                                    the Company is a wholly owned subsidiary 
                                                    of ADFG 
      ------------------------------------------  ----------------------------------------------- 
 b)    Initial notification/Amendment              Initial Notification 
      ------------------------------------------  ----------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------- 
 a)    Name                                        Qannas Investments Limited (QIL) 
      ------------------------------------------  ----------------------------------------------- 
 b)    LEI                                         21380042SL88EILG1I04 
      ------------------------------------------  ----------------------------------------------- 
 4.    Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------------------- 
 a)    Description of the                          Shares of QIL 
        Financial instrument, 
        type of instrument 
       Identification code                         KYG7306P1037 
      ------------------------------------------  ----------------------------------------------- 
 b)    Nature of the transaction                   Acquisition 
      ------------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s)                       Price(s)              Volume(s) 
      ------------------------------------------   --------------------  ---------------------- 
                                                    $0.45                 787,408 
  -----------------------------------------------  --------------------  ---------------------- 
 d)    Aggregated information:                      787,408 ordinary shares of no par 
         *    Aggregated volume                      value have been acquired at $0.45 
                                                     per share. 
 
         *    Price 
      ------------------------------------------  ----------------------------------------------- 
 e)    Date of the transaction                     31st Jan 2019 
      ------------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction                    EUROCLEAR 
      ------------------------------------------  ----------------------------------------------- 
 

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January 31, 2019 11:25 ET (16:25 GMT)