Abu Dhabi National Oil Company for Distribution ADX:ADNOCDIST:

  • BOARD APPROVES TO ENTER INTO A DEFINITIVE SHARE PURCHASE AGREEMENT

  • AGREEMENT TO ACQUIRE 100% OF THE ISSUED SHARES OF SHELL DOWNSTREAM SOUTH AFRICA (PTY) LTD FROM SHELL SOUTH AFRICA HOLDINGS

  • ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE SHELL DOWNSTREAM SOUTH AFRICA

  • AGREEMENT IMPLIED ENTERPRISE VALUE OF $1 BILLION

  • PROPOSED ACQUISITION PROJECTED TO BOOST ADNOC DISTRIBUTION’S EARNINGS PER SHARE BY 6% IN FIRST FULL YEAR

  • FOLLOWING COMPLETION OF ACQUISITION, 28% STAKE IN SDSA EXPECTED TO BE SOLD ON TO LOCAL EMPOWERMENT PARTNER, EMPLOYEE STOCK OPTION PLAN

  • ACQUISITION EXPECTED TO CLOSE IN 2027

  • WILL ENTER IN LONG-TERM BRAND LICENSING AGREEMENT UPON ACQUISITION COMPLETION TO RETAIN SHELL BRAND FOR RETAIL SERVICE STATIONS

  • WILL ENTER IN LONG-TERM BRAND LICENSING AGREEMENT UPON ACQUISITION COMPLETION TO RETAIN SHELL BRAND FOR LUBRICANTS BUSINESSES IN SOUTH AFRICA