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WhiteFeather
12-30-2012, 03:27 PM
Asiacell announces offer share price

Asiacell Communications PJSC, a provider of quality mobile telecommunications services in Iraq with 9.9 million subscribers, announced further details about its upcoming landmark share offer.

The Offer, which is expected to be the first of its kind in Iraq and one of the biggest share offers in the Middle East region in the past year, will consist of 67.503 billion shares, representing 25% of the Company’s share capital. The shares will be offered at a price of a least IQD22 per share.

A number of Asiacell’s founding shareholders will offer existing shares, representing 25% of the Company’s share capital, to individual and institutional investors that have a trading account within Iraq.
The Offer will open for subscription on Thursday 3rd January 2013 and will close on Saturday 2nd February 2013. The admission of these Shares, representing 25% of the Company’s existing share capital, to the Official List of Securities maintained by the Iraq Securities Commission (ISC) and to trading on the Iraq Stock Exchange (ISX) is expected to commence on Sunday 3rd February 2013.

Commenting on the announcement, Mr. Faruk M. Rasool, Managing Director of Asiacell, said, “This is another step closer to our share offer which is a significant development for us as a company. We’ve built a stable and growing business across Iraq and we’re delighted to be able to provide the chance for all Iraqis to participate in our future by taking a stake in Asiacell. We’re confident in our future as Iraq’s mobile industry continues to grow and we look forward to welcoming a new set of investors in 2013.”

How to participate
The offer is open to all investors, individuals and institutions, provided they have a trading account in Iraq.
Investors who would like to participate in the Asiacell Offer should contact a broker registered with the ISX (the “Brokers”) and obtain and read in full the Offer leaflet which is available from the Brokers and from Asiacell stores. Investors can subscribe by placing a purchase order to acquire Shares at a price of at least IQD [22] per share, between the 3rd January and the 2nd February 2013, with one of the Brokers.

Investors can follow these simple steps:
1. Open a trading account with one of the Brokers. For a full list of Brokers, see the ISX web site www.isx-iq.net (http://www.isx-iq.net).
2. The Brokers will be able to provide investors with a buy-order form which must be completed in full and returned to the Broker.
3. Full payment for the Shares must be made with the submission of the buy-order form.
Advisers

Rabee Securities, Iraq’s – premier independent brokerage, is acting as sole distributor and selling agent and Melak Iraq, an Iraqi Financial Advisory Firm, is sole adviser to the Company in respect of the Offer.

http://www.ameinfo.com/asiacell-announces-offer-share-price-324116

calstar
12-30-2012, 04:51 PM
Thanks WF. I received my forms about one month ago from Credit Company. Credit Company brokers Credit Bank of Iraq thru NBK.

Fishindinar
12-30-2012, 05:04 PM
Wow it only cost one dot per share.

WhiteFeather
12-30-2012, 05:53 PM
Wow it only cost one dot per share.

Thats 22 Iraqi Dots for you.

crazyfrank
12-30-2012, 06:21 PM
well @ 22 IQD per share, and with 200,000 min share order (typically) thru Warka, that means you need to float 4.4 million IQD ( around $4,400.00 ) for an initial 200,000 share buy in.

Gonna have to cash in my pennies to sink that much into Warka aye? thats unless they drop the min share order as they do with some hotel stocks.

Will-it-happen?
12-30-2012, 07:27 PM
i shall be hanging of until afterwards, as i think that the share price will drop as asiacell begin to spend bigtime to improve services

Will-it-happen?
01-03-2013, 03:27 PM
anyone applied for their asiacell shares yet ?

cant see any links anywhere, anyone got one ?

Virenque
01-08-2013, 01:45 AM
That would also be my question. Does anybody know how to register for Asiacell shares if Warka is your broker?

Fishindinar
01-08-2013, 02:44 PM
Yea, switch brokers.

calstar
01-08-2013, 03:46 PM
I'll wait for Warka. I would like to get Zain telecom shares once they get on the ISX.

haggisbasher
01-08-2013, 07:08 PM
Already been looking at the paper involved to open account with Rabees and transfer shares and CDs when they mature,got to have plan B for Al-warka,hope i don't have to use it,should know soon perhaps.

anteas
01-09-2013, 05:46 AM
Already been looking at the paper involved to open account with Rabees and transfer shares and CDs when they mature,got to have plan B for Al-warka,hope i don't have to use it,should know soon perhaps.

Rabees is a bank in iraq?

shardima
01-10-2013, 08:39 AM
Dear Mr. !!!!!,

the ISX didn't receive the buying orders yet from any broker,from another side we have a meeting with them next Saturday about the trading instructions of Asiacell shares.

Regards

P.S Just to update all those interested in asiacell shares!

chakkarchee
01-10-2013, 09:58 AM
Rabees is a bank in iraq?

With greedy and inexperienced Rabee's securities it is expected, with Asia cell contract in hand they do not want to share their prize with others, like a child holding tight to their new toy. This will be a major screwup

Major Payne
01-10-2013, 08:16 PM
http://www.isc.gov.iq/sites/isc.gov.iq/files/ISC_NewTitle.png

http://www.isc.gov.iq/en/node/34

http://www.isc.gov.iq/en/node/34

chakkarchee
01-11-2013, 12:34 PM
http://www.isc.gov.iq/sites/isc.gov.iq/files/ISC_NewTitle.png

http://www.isc.gov.iq/en/node/34

http://www.isc.gov.iq/en/node/34

I wonder if this commission would also take responsibility that ISX foreign investers with Warka dont get screwed

Virenque
01-14-2013, 06:31 AM
And deadline is going to stay the same, mid February?

shardima
01-14-2013, 08:46 AM
And deadline is going to stay the same, mid February?

jsut submitted my order yesterday after amending it at their request! :D I will keep you posted if I am lucky enough to get any!

Virenque
01-16-2013, 10:24 AM
jsut submitted my order yesterday after amending it at their request! :D I will keep you posted if I am lucky enough to get any!Which broker are we talking about? If it's Warka, could you please be so kind and show me your document that you have submitted so that I know how to proceed. Because an answer I have received from Warka couple of days ago was the following:


Dear Sir,
Please note that this company is currently not listed and trading on the electronic board where it is only possible to purchase a stock that is listed and registered on the Iraqi Stock Exchange and trading in the market..

For any further questions please contact us directly isx@warka-bank-iq.com

Best regards,

ISX Department
Warka Bank for Investment and Finance


So WTF? I think I will report this to Asiacell and ISX. They should be interested in potential investors and should find this kind of answers as unacceptable. Deadline for registration is 2 February and Warka is still stating we cannot register for shares, which is completely not in line with what the Asiacell press release is saying.

shardima
01-16-2013, 09:37 PM
Which broker are we talking about? If it's Warka, could you please be so kind and show me your document that you have submitted so that I know how to proceed. Because an answer I have received from Warka couple of days ago was the following:



So WTF? I think I will report this to Asiacell and ISX. They should be interested in potential investors and should find this kind of answers as unacceptable. Deadline for registration is 2 February and Warka is still stating we cannot register for shares, which is completely not in line with what the Asiacell press release is saying.


nah not warka! I re-submitted my order the other day with my broker at their request! there are plenty links on this site in this section to find another suitable broker! I suggest if you are going to try and get asiacell shares you might set up an account with rabee securities, if time allows!!!!!. My account is not with them! FYI - the ISX only had a meeting with brokers last saturday to explain process of the IPO! time will tell if my order gets filled! fingers crossed!:p

shardima
01-16-2013, 09:38 PM
I personally think shares will double in value you never know could do a facebook! lol....as long as I can get in and out at a high i can make a quick 50,000.00 USD!

Fishindinar
01-17-2013, 04:26 PM
Good luck with that, the stock is listed on other exchanges in other countries.