Qatar Petroleum Completes First Distribution Of Free Incentive Shares To Shareholders of Mesaieed Petrochemical Holding Company

January 01, 2019

Mesaieed Petrochemical Holding Company (MPHC), has announced that Qatar Petroleum has completed the distribution of the first tranche of free incentive shares to the eligible shareholders of Mesaieed Petrochemical Holding Company (MPHC) who have fulfilled the conditions for eligibility as at closing of trade on Monday 31 December 2018 in Qatar Stock Exchange. The free incentive shares distributed are equivalent to 50% of the shares allotted to shareholders at the time of the Initial Public Offering (IPO) of MPHC in accordance with the mechanisms set forth in the IPO Prospectus of the Company.

This distribution is in line with what was announced by Qatar Petroleum when the shares of MPHC were issued for subscription in December 2013, that it will distribute two equal sets of free incentive shares to eligible shareholders in the first award date on 31/12/2018 and the second award date on 31/12/2023.

The free incentive shares are ordinary shares that have equal rights with capital shares. This distribution will not add to or change the share capital of the Company as the distribution was allocated from Qatar Petroleum’s shareholding in MPHC, which has decreased as a result by 8.7%, from 74.2% to 65.5%.