12 January 2012
Damas International Limited (the Company) announced today that it was informed by AbdulMonem Rashed Al Rashed, Director of RIMCO Investment Company LLC which is a subsidiary of Rashed Abdulrahman Al Rashed & Son's Co., that 3,389,700 (three million three hundred eighty nine thousand seven hundred) shares of Damas International Limited have been purchased on the 10th of January 2012 at USD 0.34094 per share equivalent to USD 1,155,673.38.
Damas International Limited (the Company) announced today that it was informed by AbdulMonem Rashed Al Rashed, Director of RIMCO Investment Company LLC which is a subsidiary of Rashed Abdulrahman Al Rashed & Son's Co., that 3,389,700 (three million three hundred eighty nine thousand seven hundred) shares of Damas International Limited have been purchased on the 10th of January 2012 at USD 0.34094 per share equivalent to USD 1,155,673.38.
This purchase has brought the total number of shares in Damas International Limited owned by both companies, RIMCO Investment Company LLC and Rashed Abdul Rahman Al Rashed & Son's Co., to 69,814,688 (sixty nine million eight hundred fourteen thousand six hundred eighty eight) shares, equivalent to more than 7% of the Company's issued capital.
Prior to this transaction, the shareholding in the Company was 6.71%. Following the transaction, the shareholding has increased to 7.06%.
This announcement is made pursuant to the continuous disclosure requirement of the Offered Securities Rule.
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© Press Release 2012
