RABIC EUROPE B V: Challenges, Opportunities and Risks Witnessing the Business - Coursework Example

The subsequent synopsis of info must be interpreted as a foreword only to this offer report. Any investment in the Ordinary Shares is footed on consideration of this report as a whole and not purely on this abridged info. If any reader wants to bring any claim against any info published in this report in any court of the European Economic Area of any Member State wherein such relief is sought, be needed to bear the translating expenses of this document before initiating any legal proceedings. Only civil litigations can be initiated against those individuals who are accountable for this report, which includes any rendition of this report and can be held responsible only if the report is inconsistent, incorrect or misleading whilst construed jointly with the remaining segments of this report.

On 5 December 2010, the board of RABIC EUROPE B V declared that the company is planning to source gross proceeds about £ 21 million (about 19.8 million net of expenses) by the release of New Shares of 14,000.600 by way of solid Placing and offering through “Open Offer” process of 20 pence per share. 100,000,000 numbers of stocks will be released as New Shares by way of solid Placing process and up to 40, 00,000 shares will be offered under” Placing and Open Offer”.

It is to be noted that the New Issue is based on the condition as it has to be approved by way of New Issue Resolutions by Shareholders and no underwriting arrangement is made for the new issue. RABIC aims to become the international market leader in the petrochemical industry and with the help of its strong talent, ethics, diversification of products and industry best practices, RABIC is currently satisfying its client’s petrochemical and refining demands and makes value addition to its shareholders, customers, communities, employees and business associates.