Qannas Investments Limited has announced the results of its tender offer to purchase up to 8,414,968 ordinary shares at a tender price of US$0.95 per ordinary share (approximately US$7.99 million in total). The Company says that that a total of 8,414,968 Ordinary Shares have been tendered and that tenders for up to 10.77% of shareholders’ ordinary shares and Depositary Interests will be met in full. Tenders received for surplus ordinary shares will be accepted in proportion to the number of additional ordinary shares tendered so that the total number of Ordinary Shares purchased pursuant to the Tender Offer does not exceed 8,414,968. The tender is expected to complete on 7 December 2015.
Qannas completes tender offer : QIL