Dubai Financial Market PJSC: Press release – Union Coop indicative share price cuts off at AED 3.9 following stock split
The demarcation of the indicative price of the Union Coop share at 3.9 AED following
Dubai, July 16, 2022: The indicative price of Union Coop share has been delineated at AED 3.9 after the stock split from 1 to 10, whereby each member of Union Coop will receive 10 shares in exchange for one share they own, ahead of its listing on the Dubai Financial Market (DFM), which is due to arrive on 18e of July 2022, as the first consumer cooperative in the United Arab Emirates to take this pioneering step.
It should be noted that the opening price will be defined according to the buy and sell orders during the pre-trade session of the first trading day and that no price limit will be applied on Union Coop shares. on the first trading day, as they will be applied the following day.
Union Coop members can trade their shares through DFM approved brokerage firms after transferring their shares to a broker’s trading account through the DFM app or through the brokerage firm, noting that the DFM app allows Union Coop members to transfer their shares to trading accounts from Friday 15e of July and during the weekend.
Investors can access Union Coop’s financial statements and other related information via the DFM website; www.dfm.ae/unioncoopsince Friday the 15the from July 2022.