Final results of the voluntary conditional cash offer from Q Logistics Holding LLC to acquire up to 100% of the issued and paid-up ordinary share capital of Aramex PJSC
Aramex announces that it has received on 28 March 2025 an update from ADQ on behalf of Q Logistics regarding the final results of the Offer (the “Results”): “Q Logistics Holding LLC has obtained acceptances representing 40.57% of the Company's shares. In addition to this, Abu Dhabi Ports Company PJSC (AD Ports Group) owns 22.69% of the Aramex’s shares. The aggregate acceptances, together with the shareholding of AD Ports Group, amounts to 63.26% of the shares in Aramex PJSC, which exceeds the minimum acceptance conditions for the Offer specified in the Mergers and Acquisition Rules issued by the Securities and Commodities Authority. Completion of the Offer remains subject to fulfilment of certain conditions specified in the Offer Document.”
Further announcements with respect to any material developments in the matter will be disclosed in due course.
Background and Documentation
On 13 January 2025, Q Logistics Holding LLC ("Q Logistics"), announced its intention to acquire up to 100% of the issued and paid-up ordinary shares of Aramex PJSC ("Aramex") not already held by Abu Dhabi Ports Company PJSC (the "Offer").
On 9 February 2025 Aramex has received the SCA-approved Offer document from Q Logistics and has confirmed such receipt through the DFM disclosure on 10 February 2025.
The Aramex Board of Directors has convened on 11 February 2025 and discussed the Offer and the fairness opinion of HSBC, Aramex's independent financial advisor in relation to the voluntary conditional cash offer made by Q Logistics, which opinion considers the Offer to be fair from a financial perspective for Aramex's shareholders, and has approved to recommend the Offer to Aramex's shareholders.
On 13 February 2025, the shareholders' circular with the recommendation of the Board of Directors, including the fairness opinion of HSBC, was published in accordance with the decision of the Chairman of the Board of Directors of the Securities and Commodities Authority No. (18 /R.M) of 2017 regarding the Rules of Acquisition and Merger of Public Joint Stock Companies.
Under the terms of the Offer, shareholders of Aramex who accepted the Offer are entitled to receive AED 3.00 in cash for each of their shares in Aramex. The Offer was made on 10 February 2025 and was capable of acceptance from 10 February 2025 until 3.00PM on 24 March 2025.
This section of the website contains all the relevant documents relating to the Offer and details of the actions required by Aramex shareholders.
As an Aramex Shareholder, you are encouraged to read the Offer document in full.
If, as an Aramex Shareholder, you would like to accept the Offer, you should either (i) submit an Electronic Acceptance Form at ipo.emiratesnbd.com/en/aramex, or (ii) complete, sign and return the Acceptance Form accompanying the Offer Document as soon as possible and, in any event, so as to be received as set out in the Acceptance Form no later than 3PM on 10 March 2025.
Refer to the Acceptance Form accompanying the Offer Document for further guidance on the procedure for acceptance of the Offer.
You may obtain more information at ipo.emiratesnbd.com/en/aramex or by telephone on 800 ARMX (800 27269). You may also contact EFG Hermes at EFG-HermesCallCenter@EFG-HERMES.com and their helpline number is +971 600 500 004 or International Securities LLC at cs@intlsecurities.ae and their helpline number is +971 2 494 2777.