Invitation to the Shareholders to Subscribe for new shares
Dubai Parks and Resorts PJSC hereby invites its Shareholders to subscribe for new shares, by way of a rights issue, as approved by the General Assembly of the Company and the Securities and Commodities Authority.
Purpose and funding of the rights issue
The net proceeds from the Rights Issue are expected to be approximately AED 1,678,084,962. The Company intends to use the net proceeds in order to primarily finance the establishment and development of a new theme park under the name “Six Flags Dubai” and to strengthen the capital base of DPR.
Important dates
Date of publication of the invitation to subscribe for New Shares by way of Rights Issue: Wednesday 20 April 2016 Eligibility date of Rights (record date): Close of trading on the DFM on Monday 2 May 2016 for the registered shareholders of the Company on this date. First day of trading in Rights on the DFM: Wednesday 4 May 2016 Last day of trading in Rights on the DFM: Wednesday 18 May 2016 Subscription Opening Date: Thursday 12 May 2016 Subscription Closing Date: Wednesday 25 May 2016 Date of allocation and refunding: On/before Monday 30 May 2016
How to subscribe to the Rights Issue
For information on the steps and documents required to subscribe to the Rights Issue please refer to this presentation. For information on how to subscribe using the DFM eIPO platform please refer to the Dubai Parks and Resorts dedicated eIPO section on their website.
For more information please refer to the Shareholder Circular and Rights Issue invitation.
For any queries please contact the receiving bank Emirates NBD on the DPR Rights Issue number: +971 4 31600 66
