Alujain Corp. — M&A Activity 2010

Mar 21, 2010

Alujain announces expiration of its offer to buy shares that it does not own in Natpet

2170 · 21/03/2010 09:58:34 · Announcement #17591 · View on Saudi Exchange

Alujain announces expiration of its offer to buy shares that it does not own in Natpet

Alujain Corporation announces that its offer to NATPET shareholders to buy the shares that Alujain does not own in NATPET adding up to a total of 45,582,583 shares has ended at the close of business on Saturday, 20.03.2010. Out of the above number of shares, Alujain confirms receiving 99.92% acceptance, which is equivalent to 45,544,323 shares. Alujain will issue 44,127,710 new shares against the shares purchased from NATPET shareholders, which is according to the share swap ratio that Alujain previously announced. Therefore, Alujain is proceeding with the necessary legal procedures to complete the share swap process after obtaining the approval of the Capital Market Authority and Ministry of Commerce & Industry, as well as Alujains own shareholders at an Extraordinary General Assembly meeting to approve the deal.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.