Announcement of Notification to Submit a Voluntary Cash Offer to Acquire the Company’s Shares
Aramex PJSC (the “Company”) announces that it has received on 10 January 2025 a notification from Q Logistics Holding LLC, a wholly-owned indirect subsidiary of ADQ Development Holding LLC, of its intention to submit a voluntary conditional cash offer to acquire up to 100% of the issued and paid-up share capital of Aramex PJSC not already held by Abu Dhabi Ports Company PJSC.
The proposed offer is priced at AED 3 per share, representing a 33% premium over Aramex's last traded share price of AED 2.25 on January 9, 2025.
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