TIDMQIL

RNS Number : 9937S

Qannas Investments Limited

29 December 2016

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                             Abu Dhabi Financial Group 
                                        LLC ("ADFG") 
---  -------------------------------  ------------------------------ 
 2.   Reason for the Notification 
---  --------------------------------------------------------------- 
 a)   Position/status                  ADCM Ltd (Investment Manager) 
                                        is a wholly owned subsidiary 
                                        of ADFG 
---  -------------------------------  ------------------------------ 
 b)   Initial notification/Amendment   Initial Notification 
---  -------------------------------  ------------------------------ 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                             Qannas Investments Limited 
                                        (QIL) 
---  -------------------------------  ------------------------------ 
 b)   LEI                              N/A 
---  -------------------------------  ------------------------------ 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------- 
 a)   Description of                   Shares of QIL 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification                   KYG7306P1037 
       code 
---  -------------------------------  ------------------------------ 
 b)   Nature of the                    Acquisition 
       transaction 
---  -------------------------------  ------------------------------ 
 c)   Price(s) and                      Price(s)   Volume(s) 
       volume(s)                        ---------  ---------- 
                                          $0.85     6,000,000 
                                        ---------  ---------- 
---  -------------------------------  ------------------------------ 
 d)   Aggregated information: 
        *    Aggregated volume           6,000,000 ordinary shares 
                                         of No Par Value purchased 
                                         at average price 85 cents 
        *    Price                       per ordinary share. 
---  -------------------------------  ------------------------------ 
 e)   Date of the transaction          21 December 2016 
---  -------------------------------  ------------------------------ 
 f)   Place of the                     EUROCLEAR 
       transaction 
---  -------------------------------  ------------------------------ 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                             Jassim Alseddiqi 
---  -------------------------------  ------------------------------ 
 2.   Reason for the Notification 
---  --------------------------------------------------------------- 
 a)   Position/status                  ADCM Ltd (Investment Manager) 
                                        is a wholly owned subsidiary 
                                        of ADFG of which Jassim is 
                                        a Director and Shareholder 
---  -------------------------------  ------------------------------ 
 b)   Initial notification/Amendment   Initial Notification 
---  -------------------------------  ------------------------------ 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                             Qannas Investments Limited 
                                        (QIL) 
---  -------------------------------  ------------------------------ 
 b)   LEI                              N/A 
---  -------------------------------  ------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 29, 2016 10:52 ET (15:52 GMT)

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