Doha, 11 April, 2009: From Sunday 12 April 2009, Individual Investors and Institutional Investors will have the opportunity to become shareholders of Vodafone Qatar Q.S.C. (“Vodafone Qatar”), with the opening of the subscription period for the highly anticipated Initial Public Offering (“IPO”). Vodafone Qatar intends to list 40% of the company’s authorised share capital on the Doha Securities Market (“DSM”).
“We have been eagerly anticipating for some time the launch of our IPO when we can give Qataris the chance to become part of our quest to make a ‘world of difference’ for the people in Qatar. It’s an important milestone for us as Vodafone Qatar will become truly part of the community of Qatar,” commented Vodafone Qatar CEO Grahame Maher.
The Vodafone Qatar IPO details include:
- Subscription for the IPO opens 12 April 2009 and close at 1pm on 26 April 2009.
- The IPO will consist of 338,160,000 ordinary shares (“the Offer Shares”), representing 40 per cent of Vodafone Qatar’s authorised share capital.
- The share price is QAR10 per Offer Share, with additional offering costs of QAR0.25 per Offer Share.
- Only Qatari nationals (“Individual Investors”) and registered Qatari institutions and companies, that are 100% Qatari owned (“Institutional Investors”) can apply for Offer Shares in the IPO.
- Allocation will be based on Individual Investors orders being allocated up to the first 2,500 Offer Shares of their order; with Institutional Investors being allocated up to the first 2,500
- Offer Shares of their order thereafter. Following that process all orders will be filled on a pro rata basis.
- Individual Investors will be able to apply for a minimum subscription of 250 Offer Shares with multiples of 50 Offer Shares thereafter. The maximum subscription of Offer Shares by an Individual Investor is 1,690,800 Offer Shares.
- Institutional Investors will be able to apply for a minimum subscription of 25,000 Offer Shares with multiples of 500 Offer Shares thereafter. The maximum subscription by an Institutional Investor is 1,690,800 Offer Shares.
- International investors will be able to buy Vodafone Qatar shares on the open market once it is listed on the Doha Securities Market after the IPO.
- HSBC Bank Middle East Limited and Qatar National Bank S.A.Q. are acting as Joint Financial Advisers, Joint Lead Managers and Joint Lead Receiving Banks.
Individual Investors & Institutional Investors can obtain a Prospectus and subscribe for Offer Shares in Vodafone Qatar by visiting any of the following participating receiving banks:
| Receiving Bank | Participating branches |
| Qatar National Bank S.A.Q. | All QNB and QNB Al Islami branches (except Head Office) |
| HSBC Bank Middle East Limited | Main Branch Al Sadd Branch West Bay Branch Umm Saeed Branch Financial Tower Branch |
| Qatar International Islamic Bank Q.S.C. | Main Branch Kahraba Branch Gharafah Branch Al Wakra Branch Salwa Branch Al Hilal Branch West Bay Branch Al Merqab Branch Montaza Branch |
| Masraf Al Rayan Q.S.C. | Grand Hamad Branch Al Sadd Street Branch Al Shafi Street Branch (Al Rayyan) |
| Commercial Bank of Qatar Q.S.C. | Grand Hamad Branch Bin Omran Branch Souk Branch Salwa Road Branch Al Wakra Branch Messaieed Branch Al Khor Branch Industrial Branch Airport Branch Landmark Branch Villaggio Branch City Centre Branch Hyatt Branch Al Rayyan Branch Al Sadd Branch HMC Branch Westbay Lagoon Branch CB Plaza Branch Sadara - Wealth Management Hamad Al Kabeer Branch - Corporate Services West Bay Branch - Corporate Services Al Safa Islamic Banking Salata Branch Grand Hamad Branch Al Rayyan Branch Al Wakra Branch Messaeid Branch Al Khor Branch |
| Al Ahli Bank Q.S.C. | Salwa Branch Merqab Branch Airport Branch Al Wakrah Branch Al Mansoura Branch Markhiya Branch Al Khor Branch C Ring Road Branch Ras Abu Aboud Branch Aziziya Branch Naval Base Branch Garrfah Branch Mesaieed Branch Abu Hamour Branch Al Rayyan Branch C Ring Road Branch - Islamic Al Sadd Branch - Islamic |
| Doha Bank Q.S.C. | City Centre Branch |
| International Bank of Qatar Q.S.C. | Main Branch C Ring Road Branch West Bay Branch Salwa Road Branch Markhiya Branch |
| Qatar Islamic Bank S.A.Q. | Al Fanar Branch Salwa Road Branch Al Gharrafah Branch Al Sadd Branch Al Khor Branch Al Rayyan Branch Airport Branch Al Wakra Branch Ras Laffan Branch Bin Omran Ladies Branch Modern Doha Branch Umm Saeed Branch Al Mansourah Branch Al Ghuwaireeyyah Branch Corporate Branch Muaither Branch |
| Arab Bank plc | Grand Hamad Branch Al Sadd Branch C Ring Road Branch |
| Mashreq Bank P.S.C. | TV Roundabout Branch C Ring Road Branch |
| Al Khalij Commercial Bank Q.S.C. | C-Ring Road Branch Q-Post Service Centre |
SUBSCRIPTION INSTRUCTIONS
- Completed subscription forms need to be submitted to one of the receiving banks by no later than 1pm on 26 April 2009.
- Full payment for shares (including the Offering costs) will be required upon submission of subscription forms. Payment must be made by direct debit from funds held on account with any one of the receiving banks to Vodafone Qatar - Initial Public Offering. Payment may only be made by direct debit authorisation from accounts with any of the receiving banks. Cheques will not be accepted.
- Any parties wishing to purchase shares on behalf of another person must provide a duly notarized power of attorney, annexed to the subscription form.
Further information about the IPO can be found at: www.vodafone.com.qa
