Americana Restaurants announce increase in number of shares for the UAE retail offer

Americana Restaurants announce increase in number of shares for the UAE retail offer

Based on this, the UAE Retail Offer is increased from 5% to 10% of the total Offering so that it becomes equal to the size of the retail tranche in the KSA market

The KSA Retail Offer remains unchanged at 10% of the total Offering

The Institutional Offer is reduced from 85% to 80% of the total Offering

The overall Offering size remains unchanged, representing 30% of the Company’s issued share capital

Abu Dhabi and Riyadh: Americana Restaurants International Plc (“Americana Restaurants”, the "Company" or the “Group”), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa and Kazakhstan, announces that it has increased the UAE Retail Offer for its Initial Public Offering (“IPO” or the “Offering”), from 5% to 10% of the total Offering so that it becomes equal to the size of the KSA Retail Offer.

The KSA Retail Offer remains unchanged at 10% of the total Offering, whilst the Institutional Offer will reduce from 85% to 80% of the total Offering. The adjustment to the Offering structure has been made after obtaining the necessary regulatory approvals from the Securities & Commodities Authority (“SCA”) in the UAE and the Capital Market Authority (“CMA”) in Saudi Arabia.

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