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Qatar Navigation, Qatar Shipping announce shareholders’ meeting dates

Qatar: Thursday, March 25 - 2010 @ 09:19

The Qatar Navigation shareholders’ meeting will take place at The Ritz Carlton, Al Mukhtasar Hall, commencing at 4.00 pm. The Qatar Shipping shareholders’ meeting will take place at The Ritz Carlton, Al Mukhtasar Hall, commencing at 4.30pm.

Under the terms of the Transaction, Qatar Navigation will acquire all of the outstanding shares of Qatar Shipping in exchange for new shares of Qatar Navigation. The exchange ratio for the Transaction will be 1 new share of Qatar Navigation for every 2.2 shares of Qatar Shipping. The Transaction is subject to approval of the shareholders of both companies, clearance by the QFMA, ratification by the Ministry of Business and Trade and other customary closing conditions. Subject to satisfaction or waiver of closing conditions, the Transaction is expected to be completed soon after approval by the two companies’ shareholders.

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Thursday, March 25- 2010 @ 9:19 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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