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Dana Gas gets nod to increase share capital

: Thursday, July 17 - 2014 @ 00:35

Dana Gas has said it has received the necessary approval to increase the company’s share capital by Dhs7.3m arising out of conversion of Voluntary Conversion Notices that amount to $1.5m of convertible sukuk, Gulf News has reported. The company has submitted the required applications and documents to the Abu Dhabi Securities Exchange to deliver the shares to the relevant sukuk certificate holders, it said.

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Thursday, July 17- 2014 @ 0:35 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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