Investcom, the international mobile telecommunications operator,
today announced the final details of its IPO.
• The offering was priced at US$12.35 per Global Depositary Shares (GDSs) with each GDS representing 5 ordinary shares of Investcom
• The Company and selling shareholders are offering 59,995,428 GDSs to be listed on the London Stock Exchange (LSE) and the Dubai International Financial Exchange (DIFX)
• The offering represents 22.6% of Investcom’s outstanding share capital at IPO
• The underwriters have also been granted an over-allotment option of 5% of the offer
• Conditional trading of GDSs commences on the London Stock Exchange today, 6
October, 2005, subject to admission becoming effective on or about October 11, 2005
• Citigroup acted as Global Co-ordinator and Joint Bookrunner on this IPO. HSBC was Joint Bookrunner
Based on the offer price, Investcom’s market capitalisation is approximately US$3.3 billion.
Azmi Mikati, Chief Executive of Investcom, today said, “We are delighted to have completed this IPO so successfully. We look forward to continuing to implement our strategy and develop our business as a publicly listed company.“
About Investcom
Investcom (www.investcomholding.com) is an international provider of mobile
telecommunications services with operations in eight countries in the Middle East, Africa and Europe. As of June 2005, Investcom had a total of approximately 3.3 million managed customers. The company operates GSM networks, mostly under the Areeba™ brand, in Syria, Ghana, Yemen, Benin, Liberia, Cyprus, Guinea-Bissau and Sudan. Investcom has also recently been awarded GSM licenses to build and operate mobile networks in Afghanistan and Guinea, expanding its operations to ten countries and boosting its combined population under license to approx. 147 million.
The company also provides international carrier services, principally through its operations in Monaco, fixed telephony services in the United Kingdom and telecommunications engineering
and consulting services.
