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Recommended cash offer (the “Offer”) by Theta Bidco Limited (“Bidco”), a newly incorporated company directly or indirectly owned by joint offerors IHC Industrial Holding LLC (“IHC”) and TasHeel Holding Group LLC ("TasHeel"), for Arena Events Group Plc (“Arena”).
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ACCESS TO THIS MICROSITE MAY BE RESTRICTED UNDER SECURITIES LAWS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE MICROSITE. THE MICROSITE IS NOT DIRECTED AT, AND IS NOT INTENDED TO BE ACCESSIBLE BY, PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION OR WOULD RESULT IN A REQUIREMENT TO COMPLY WITH CONSENT OR OTHER FORMALITY WHICH IHC, TASHEEL AND/OR BIDCO REGARDS AS UNDULY ONEROUS.
THIS MICROSITE CONTAINS ANNOUNCEMENTS, DOCUMENTS AND INFORMATION (THE “INFORMATION”) PUBLISHED BY IHC, TASHEEL, BIDCO AND ARENA RELATING TO THE OFFER IN COMPLIANCE WITH THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND ITS AVAILABILITY IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.
Please read this notice carefully – it applies to all persons who view the Microsite and, depending upon who you are and where you live, it may affect your rights. This notice and the information contained herein may be altered or updated from time to time, and should be read in full carefully each time you visit this part of the website. In addition, the contents of the Microsite may be amended at any time, in whole or in part, at our sole discretion.
Nothing on the Microsite, nor anything which can be downloaded from it, is intended to, and does not, constitute or form any part of an offer for sale or subscription or any solicitation for any offer to purchase or subscribe for any securities, or the solicitation of any votes attaching to securities which are the subject of the Offer in any jurisdiction in which such offer or solicitation is unlawful.
The full terms and conditions of the Offer will be set out in the formal Offer document or Scheme document. In deciding whether or not to accept the Offer, Arena shareholders should rely only on the information contained in the formal Offer document or Scheme document.
Terms defined in the announcement of the Offer dated 20 October 2021 shall have the same meaning when used in this notice.
Access to the Microsite
To allow you to view the Information, you must read this notice in its entirety and then click “CONFIRM”. If you are unable to confirm you must click “DECLINE”.
Overseas Persons
Viewing the Information you are seeking to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view the Information. Any persons outside the United Kingdom who wish to view the Information must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so and should inform themselves about, and observe, any applicable legal or regulatory requirements applicable in their jurisdiction.
If you are not a resident of or located in a restricted jurisdiction, you may access any communication or document in relation to the Offer but you are responsible for first satisfying yourself as to the full observance of the laws and regulatory requirements of your jurisdiction. If you are not permitted to view any communication or document in relation to the Offer by virtue of applicable laws or regulatory requirements, please exit this Microsite.
Basis of access
The Information is made available in good faith and does not constitute an offer to sell or otherwise dispose of or an invitation or solicitation of any offer to purchase or subscribe for any securities pursuant to the Offer or otherwise in any jurisdiction in which such offer or solicitation is unlawful.
The Information has been prepared for the purposes of complying with English law and the City Code on Takeovers and Mergers and the Information may not be the same as that which would have been disclosed if this information had been prepared in accordance with the laws and regulations of any jurisdiction outside of England and Wales.
The information contained on this Microsite speaks only at the date of the relevant document or announcement reproduced on this Microsite, and IHC, TasHeel and Bidco have, and accept, no responsibility or duty to update any such information, document or announcement and reserve the right to add to, remove or amend any information reproduced on this Microsite at any time.
Similarly, copies of the contents of the following pages (including documents posted thereon) are not being, and must not be, released or otherwise forwarded, distributed or sent in or into a restricted jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from a restricted jurisdiction.
If you are not permitted to view materials on this Microsite or are in any doubt as to whether you are permitted to view these materials, please exit this Microsite and seek independent advice. None of IHC, TasHeel, Bidco nor any of their advisors nor Arena nor any of its advisors, assumes any responsibility for any violation by any person of any of these restrictions.
Responsibility
In relation to any document, announcement or information contained in the Microsite, the only responsibility accepted by the directors of IHC, TasHeel and Bidco is for the correctness and fairness of its reproduction or presentation unless a responsibility statement in any relevant document expressly provides otherwise.
None of the directors of IHC, TasHeel, Bidco nor any of their affiliated companies, have reviewed, and no such person is or shall be responsible for or accepts any liability in respect of, any information contained on any other website which may be linked to this Microsite by a third party.
Forward-looking statements
The Information (including information incorporated by reference) in this Microsite may contain forward-looking statements regarding IHC's, TasHeel's and Bidco’s respective financial positions, business strategy, plans and objectives of management for future operations and are naturally subject to uncertainty and changes in circumstances. All statements other than statements of historical facts included in any document may be forward looking statements. Forward-looking statements also often use words such as “anticipate”, “believe”, “intend”, “estimate”, “expect”, “target”, “may”, “should”, “will” and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, and readers are cautioned not to place undue reliance on such statements. The important factors that could cause IHC's, TasHeel's and Bidco’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, the satisfaction of the Conditions to the Offer, the impact of COVID-19, factors affecting the industry as a whole and changes in law or regulation. These forward-looking statements speak only as of the date of the respective documents. IHC, TasHeel and Bidco expressly disclaim any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).
Unless expressly stated otherwise, no statement contained or referred to in this Microsite is intended to be a profit forecast.
Other
If you are in any doubt about the contents of the Microsite or the action you should take, you should seek your own financial advice from an independent financial adviser authorised under the Financial Services and Markets Act 2000 or, if you are located outside the United Kingdom, from an appropriately authorised independent financial adviser.
Acceptance of Disclaimer
Viewers will confirm their understanding of the disclaimer by pressing “CONFIRM”, and could, if required, then be asked to verify their location before access to the documents is granted (see PART B).
Electronic versions of the Information are not directed at or accessible by persons resident in any Restricted Jurisdiction. Accordingly, you may only access the Microsite if you are able to provide the below confirmations. If you are resident or located in any Restricted Jurisdiction, you must click on the relevant box below in order to exit the Microsite.
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In order to view the Information on the Microsite, please click on the “CONFIRM” box below. By clicking on the “CONFIRM” box below, you are making the following confirmations:
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If you are not able to give these confirmations (as applicable), we cannot provide you with the Information on the Microsite and you should click on the “DECLINE” box below.
| Date | Title | |
|---|---|---|
| Mark | Otto | |
| Mark | Otto | |
| Jacob | Thornton | |
| Larry | the Bird |
For all inquiries and questions concerning investor relations, please contact Ms. Linda Ballout
In a nutshell, there is a huge market for these services in UAE - and Palms Sports offers investors a way to ride this trend. A Dh2.13 billion market cap company, it was listed on ADX last month. International Holding Company (IHC) as the parent company holds 79 per cent.
Syed Basar Shueb has been CEO, Managing Director and a member of the Board of Directors of IHC since July, 2019. Alongside his tenure at IHC, Syed Basar has held the position of Group CEO of the Pal Group of Companies since 2000 and holds leadership positions on several other high profile companies, including Reem Finance PJSC, Chimera Investments, and Keyhole TIG (K-TIG) Limited, and is one of the key players in the UAE’s utilities services sector through PAL District Cooling.
In addition to becoming Vice Chairman of Alpha Dhabi Holding (ADH), Syed Basar was elected to the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry.
An accomplished and respected senior executive, he has substantial and diversified experience in the processing, manufacturing, construction, finance and service industries, and was listed in the Middle East’s top-tier of CEOs by Forbes in 2021; Basar is known to be a decisive and pragmatic leader, and for his skill in creating and nurturing cohesive and focused business units that grow profitable bottom lines.
He has played an integral part in IHC being in the top 10 performers of Abu Dhabi Bourse listed companies.
Peter Abraam is the Chief Strategy and Growth Officer of the Abu Dhabi Stock Exchange listed IHC. With a proven reputation for strategic planning and a sharp business intellect, Peter has led numerous award-winning initiatives, that have increased stakeholder value in prominent companies across the UAE and Australia. Peter skillfully navigates international business circles with an impressive breadth of experience spanning, property, healthcare, tourism, and private equity investments in over 40 countries.
Peter plays an integral role in the ongoing development of IHC’s structure, driving strategic fundamentals across acquisition, restructuring, consolidation, and bolstering the Holding’s investment and stakeholder ecosystem. Peter has been a Board Director of a number of leading institutions engaged in financial, commercial and philanthropic based activities, including the Bank of Sydney, K-TIG Australia (ADX: TIG), Cranleigh School (Founding Trustee, Abu Dhabi) and The Hellenic Initiative Australia. A graduate of RMIT University, Peter initially practiced in Landscape and Urban Design and is a fellow of the highly regarded Leadership Victoria Program.
Alwyn Dinesh Crasta has been the Group Chief Financial Officer at IHC since 2018. Alwyn has a twenty-year established record in financial management for multinational organizations within the FMCG supply chain and agricultural sectors. With a longstanding skill in business modelling, funding strategies, profitability analysis, investment planning, business intelligence, corporate governance, as well as treasury and risk management, Alwyn oversees IHC’s various financial functions and is actively involved in managing new investments, leading mergers and acquisitions. Alwyn is also a member of the board of directors of Easy Lease Motorcycle Rental and AGrinV.
Alwyn holds a master’s degree in Finance from Mumbai University and a Master of Business Administration from Hult International Business School. He has also acquired the CMA certification in Australia (Certified Management Accountant) and Post Graduate Diploma in Management Studies (DMS) from Chetana Institute, Mumbai.
