Pursuant to the resolution of the Extraordinary General Assembly held on Sunday, 25 March 2012, the Board of Directors of Qatar Telecom (Qtel) Q.S.C. announced the increase in share capital by way of offering new shares to existing shareholders in the proportion of two shares for every five shares held (the “Rights Issue”).
The right of subscription shall be given to the shareholders, who are registered in the shareholder register with the Qatar Exchange (QE) and Abu Dhabi Securities Exchange (ADX) on Wednesday, 9 May 2012, at a price of QAR 75 per share (QAR 10 nominal value plus a premium of QAR 65), subject to the announced terms and conditions.
Accordingly, eligible shareholders shall have the right to subscribe for 40% of the shares held. The subscription period for the existing shareholders shall start at Sunday, 13 May 2012, and shall end at 1300 Doha Time on Thursday, 24 May 2012.
Application forms will be mailed to the address of shareholders registered with Qatar Exchange and/or Abu Dhabi Securities Exchange. In addition, the application forms are available at all designated QNB Branches in Qatar. A blank application form can be obtained from the Qtel or QNB web sites.
Abu Dhabi based shareholders can subscribe through all the branches of Commercial Bank International. Terms and Conditions for Qtel’s Rights Issue Capital Increase.
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