The Adjustment of Doha Bank Stock Reference Price Effective March 16, 2017

 

March 15, 2017

 

Qatar Stock Exchange (QSE) announced that Doha Bank stock's reference- price will be adjusted before the start of the trading session of March 16, 2017 due to the expiry of the right to subscribe in the Bank's capital increase. The stock's reference price shall be adjusted (Ex-Right) according to the following equation:  

 

Stock's reference price (ex-right) = ((existing shares * closing "cum rights" price) (new shares * subscription price)) / (total number of shares after increase). 

 

The new stock's reference price = 30.40 QR

 

Based on that, brokers are reminded that all existing orders will be deleted from DHBK' order book on Wednesday March 15, 2017 after the end of trading