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Investing.com – For the second time, Emirates Central Cooling Corporation Empower increases the size of its “second tranche” offering to qualified investors, from 1.4 billion shares, or 14% of the company’s shares, to 1, 9 billion shares, equivalent to 19% of its shares, after I got official approval.
The company said the size of the individual investor segment will remain unchanged at 100 million common stock, and that increase is allocated to the segment of qualified investors (companies and institutions), the latter after the company had previously raised it to 15%. and then at 19% last night.
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Empower said the subscription period will remain unchanged, as it expires on November 7 for private investors, while it continues on November 8 for qualified investors.
Upon completion of the offering, DEWA will own 56% of the shares in Empower and Emirates Power, a subsidiary of TECOM, will own 24% of its shares.
The price range of the public offering was set between 1.31 and 1.33 dirhams per share.
The company’s shares are expected to be fully listed and traded on the Dubai Financial Market (DFM 🙂 on Tuesday, November 15, 2022.
