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Qatar Inv Fd PLC (QIF)

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Friday 13 May, 2011

Qatar Inv Fd PLC

First day of dealing on the Main Market of the LSE

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
 
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