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Dar Global PLC announced on 24 July 2024 that Dar Al Arkan Real Estate Development Company PJSC, a person closely associated with Vice Chairman Yousef Al Shelash, pledged security over 158,000,000 ordinary shares. This pledge was made in favour of Emirates NBD and other consortium partners, with no change in Dar Al Arkan Real Estate Development Company PJSC's beneficial shareholding in Dar Global PLC.
| Date | 24 Jul 2024 |
| Time | 07:05:10 |
| Category | Director/PDMR dealings |
| ID | 6194X |
24 July 2024
DAR GLOBAL PLC (THE "COMPANY")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR") and Connected Persons
Dar Global PLC announces that it was today notified that on 24 July 2024 Dar Al Arkan Real Estate Development Company PJSC, a person closely associated with Yousef Al Shelash, Vice Chairman and Non-Executive Director of Dar Global PLC, pledged security over the indirectly controlled ordinary shares held in the capital of the Company in favour of Emirates NBD and other consortium partners.
There is no change in Dar Al Arkan Real Estate Development Company PJSC beneficial shareholding in the Company.
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1. |
Details of PDMR / person closely associated |
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a) |
Name |
Dar Al Arkan Real Estate Development Company PJSC |
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2. |
Reason for the notification |
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a) |
Position / status |
Person closely associated with Yousef Al Shelash, Vice Chairman and Non-Executive Director of Dar Global PLC |
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b) |
Initial notification / amendment |
Initial Notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Dar Global PLC |
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b) |
LEI |
213800XRFXQ1KEWACW80 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument |
Ordinary shares of USD 0.01 each
ISIN: GB00BQXNJY41
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b) |
Nature of the transaction |
Pledging of shares |
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c) |
Price(s) and volume(s)
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d) |
Aggregated information Aggregated volume Price |
158,000,000 ordinary shares N/A |
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e) |
Date of the transaction |
24 July 2024 |
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f) |
Place of the transaction |
Outside of a trading venue |
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