Dubai, UAE 19 May 2011:- DP World has successfully completed a 1 for 20 share consolidation for all shareholders on the register prior to the commencement of trading today.
For shareholders with fractional entitlements, those fractions will be sold in the market and the cash proceeds from the sale will be returned to shareholders in the same way dividends are distributed via NIN accounts, Nasdaq Dubai Members, custodians and brokers.
DP World is encouraging shareholders to check with their brokers or NIN accounts they have received the correct number of new consolidated shares. Further information can be found on the Company's website www.dpworld.com within the investor centre or by contacting your broker.
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About DP World
DP World is one of the largest marine terminal operators in the world, with 49 terminals and 9 new developments and major expansions across 31 countries(1). Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.
DP World aims to enhance customers supply chain efficiency by effectively managing container, bulk and other terminal cargo.
The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted Best Seaport in the Middle East for 16 consecutive years.
In 2010, DP World handled nearly 50 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 95 million TEU by 2020, in line with market demand.
www.dpworld.com
(1) As of 11 May 2011
For Investor Inquiries
Fiona Piper
DP World Limited
Mobile +447919175 602
Media inquiries:
DP World
Natasha Bukhari
Global Corporate Communications Manager
DP World
Tel: +97156 6821699
Natasha.Bukhari@dpworld.com
Hasaad Communications
Sanaa Maadad
Director, Media
Hasaad Communications
Tel: +97150 5522610
sana@hasaad.ae
Disclaimer:
NASDAQ Dubai is not responsible for the content of issuer disclosures.
Press Release 2011
