Ooredoo Maldives Plc. today announced the official closure of its initial public offering (IPO) subscription period, which was opened to local and international investors for 20 Market Days from 30th April 2017 to 29th May 2017.
Chief Executive Officer of Ooredoo Maldives, Mr. Najib Khan said: “We are honoured by the overwhelming support from investors, which has made Ooredoo Maldives IPO the largest in the nationin terms of the value of shares sold. Thank you for investing in our work to bring digital empowerment to the people of Maldives. I look forward to welcoming our new shareholders to Ooredoo Maldives, as they become part of our solid growth journey.”
The company will share more information on its IPO and allocation of shares in the coming weeks.
Indicative* key dates:
• Expected Date of Allocation of Offered Shares: June 15, 2017
• Expected Date of Refunds: July 12, 2017
• Expected date of Deposition of Offered Shares to Maldives Securities Depositary: July 17, 2017
• Expected date of Commencement of Trading: August 07, 2017
Ooredoo Maldives Plc. announces Closure of IPO Subscription Period
