Dana Gas announces increase in share capital

Sharjah: Dana Gas announced that it has received necessary approval on March 2 to increase the company’s share capital by 85,256,403 (of 85,256,403 ordinary shares) arising out of conversion of Voluntary Conversion Notices received between January 16 and January 31 amounting to $12,411,110 of Convertible sukuk.

The company has submitted the required application together with required document to the Abu Dhabi stock exchange to deliver the said ordinary shares of the company to the relevant convertible sukuk certificate holders.