Distribution of Seef Properties shares
BBK announced today the start of the distribution of shares allotted through the Seef Properties IPO. Shares were allocated at 100% for Retail Offering and around 24.21% for the Institutional Offering.
Distribution has been made in compliance with the allotment basis stated in the Prospectus and results published on Thursday 31 May 2007. Allotment notices have been issued to Retail and Institutional Investors. Bahraini Citizens who applied and were allotted ordinary shares through the Retail Offering of Seef Properties IPO can collect the Retail Allotment Notices starting today from the main branch of Bank of Bahrain and Kuwait. The Allotment Notices and Refund Cheques for Institutional Investors were sent by mail on the address provided in the Subscription Application Form.. Also, Refund Cheques for rejected applications were sent by mail on the address provided in the Subscription Application Form.
Trading in the Company’s Ordinary Shares on the BSE will commence once all legal formalities have been completed. An announcement will be made by the BSE in relation to the commencement of trading.
