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Monday 10 January, 2011

Qatar Telecom

Qtel discloses 1st trading da

RNS Number : 1430Z
Qatar Telecom (Q-Tel) Q.S.C.
09 January 2011
 



NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR KUWAIT

 

First Day of Trading for Qtel Group Member Wataniya Mobile on Palestine Exchange

 

 

09 January 2011, Doha, Qatar- Qatar Telecom (Qtel) Q.S.C. has announced that group member Wataniya Palestine Mobile Telecommunications Public Shareholding Company ("Wataniya Mobile"), the Palestinian mobile phone operator, today celebrated its first day of trading on the Palestine Exchange ("PEX") under the ticker "Wataniya".

 

The first day of trading follows the successful completion of the Wataniya Mobile's Initial Public Offering ("IPO"), which raised a total of US$50.3m, the largest IPO in Palestine for 10 years.

 

- Ends -

Important Information

 

THIS PRESS RELEASE IS FOR INFORMATION ONLY AND DOES NOT CONSTITUTE EITHER AN INVITATION TO PARTICIPATE IN A PUBLIC OFFER OR A PUBLIC OFFER IN ANY TERRITORY.  INFORMATION ABOUT Wataniya Mobile, THE OFFER AND RELATED MATTERS TOGETHER WITH A SUBSCRIPTION FORM (A "SUBSCRIPTION FORM") CAN BE FOUND IN THE PROSPECTUS PREPARED BY Wataniya Mobile IN RELATION TO THE OFFER, DATED 29 OCTOBER 2010 (THE "PROSPECTUS"). POTENTIAL INVESTORS MUST CAREFULLY REVIEW THE INFORMATION CONTAINED IN THE PROSPECTUS IN ITS ENTIRETY BEFORE DECIDING TO INVEST IN Wataniya Mobile SHARES. THE PROSPECTUS CONTAINS INFORMATION ABOUT Wataniya Mobile'S BUSINESS, POTENTIAL RISKS OF INVESTING IN THE SHARES, SUBSCRIPTION PROCEDURES AS WELL AS A SUBSCRIPTION FORM.  IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU ARE RECOMMENDED TO SEEK YOUR OWN PERSONAL FINANCIAL AND LEGAL ADVICE.

 

THIS PRESS RELEASE IS NOT PROVIDED FOR CIRCULATION IN OR INTO, AND IS NOT DIRECTED AT PERSONS IN AUSTRALIA, CANADA, JAPAN, KUWAIT OR THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS) OR TO US PERSONS AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933 ("US PERSONS", "REGULATION S" AND THE "SECURITIES ACT").  NOTHING IN THIS PRESS RELEASE CONSTITUTES AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SHARES OR OTHER SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION.  ANY SECURITIES TO BE OFFERED PURSUANT TO THE IPO HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION OF THE UNITED STATES.  THE SHARES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED DIRECTLY OR INDIRECTLY WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS EXCEPT TO A PERSON WHO IS NOT A US PERSON IN AN OFFSHORE TRANSACTION PURSUANT TO RULE 903 OR RULE 904 OF REGULATION S IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.

 

this PRESS RELEASE includes forward-looking statements.  the words "ANTICIPATE", "BELIEVE", "EXPECT", "PLAN", "INTEND", "ESTIMATE", "PROJECT", "WILL", "WOULD", "MAY", "COULD" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS.  ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS PRESS RELEASE, INCLUDING, WITHOUT LIMITATION, THOSE REGARDING THE COMPANY'S FINANCIAL POSITION, BUSINESS STRATEGY, MANAGEMENT PLANS AND OBJECTIVES FOR FUTURE OPERATIONS, ARE FORWARD-LOOKING STATEMENTS.  THESE FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS, WHICH MAY CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS, OR INDUSTRY RESULTS, TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS REGARDING THE COMPANY'S PRESENT AND FUTURE BUSINESS STRATEGIES AND THE ENVIRONMENT IN WHICH THE COMPANY EXPECTS TO OPERATE IN THE FUTURE.

 

IMPORTANT FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE, OR ACHIEVEMENTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS INCLUDE, AMONG OTHER FACTORS REFERENCED IN THIS PRESS RELEASE OR THE PROSPECTUS, CHANGES IN THE ECONOMY, CHANGES IN THE COMPETITIVE LANDSCAPE, CHANGES IN LAWS, REGULATIONS AND TAX RATES, CHANGES IN THE COMPANY'S ABILITY TO MAINTAIN INVESTMENT COSTS AND EXPENSES WITHIN EXPECTATIONS, AND CHANGES IN THE COMPANY'S ABILITY TO ATTRACT AND RETAIN WELL-TRAINED AND EXPERIENCED MANAGERS TO HELP IT ACHIEVE ITS RESULTS.

 

THE OFFER HAS BEEN APPROVED BY THE PALESTINE CAPITAL MARKET AUTHORITY on ORDER CMA/ DG / 130 / 2010 ON 28/10/2010.


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