First day of dealing on the Main Market of the LSE (5462G)
May 13 2011 - 2:01AM
UK Regulatory
TIDMQIF
RNS Number : 5462G
Qatar Investment Fund PLC
13 May 2011
13 May 2011
Qatar Investment Fund plc
First day of dealing on the Main Market of the London Stock
Exchange
Qatar Investment Fund plc is pleased to announce that as of 8.00
am today its shares are now traded on the Main Market of the London
Stock Exchange. The listing transferred from AIM where the shares
have traded since launch in July 2007. Qatar Investment Fund
ordinary shares and warrants trade under the unchanged tickers
"QIF" and "QIFW", respectively.
Welcoming the move to the Main Market, David von Simson,
Chairman, said:
"Qatar Investment Fund has come of age. The move to the main
market of the London Stock Exchange will widen the pool of
potential investors and should increase liquidity as well as
strengthen our profile.
"We've completed the series of changes we embarked upon some
months ago: the investing policy now gives greater flexibility, the
new name better reflects the purpose of the company and the move to
the Main Market enhances its standing and attractions to
investors.
"At a time of volatility in frontier markets, Qatar stands out
as a prosperous, well managed and fast growing economy. The
unemployment rate is 0.5%. The IMF calculates that Qatar leads the
world with GDP per capita of over $75,000 and forecasts Qatar
nominal GDP will grow 26% in 2011, making it the fastest growing
economy in the world.
"The Qatar Investment Fund offers investors exposure via an
investment company listed in London, with the investment adviser
based on the ground in Doha, Qatar."
On Admission to the Main Market there were 233,521,162 ordinary
shares and 34,271,000 warrants in issue. The company holds 121,855
of its ordinary shares in treasury and has 233,399,307 ordinary
shares in issue (excluding treasury shares). The figure of
233,399,307 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the
company under the FSA's Disclosure and Transparency Rules.
For further information:
David von Simson, Chairman
Qatar Investment Fund plc +44 (0) 20 7451 4500
Ian Dungate / Suzanne Jones
Galileo Fund Services + 44 (0) 1624 692600
Richard Gray / Andrew Potts
/ Callum Stewart
Panmure Gordon (Sponsor) + 44 (0) 207 459 3600
Joe Winkley/Neil Winward/Ashton
Clanfield
Oriel Securities +44 (0) 20 7710 7600
William Clutterbuck / Sam Turvey
Maitland +44 (0) 20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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