The voluntary conditional cash offer by Al Wafir for Marketing Services to acquire UNIKAI Foods has lapsed and will not be completed.
Valid acceptances were received for 9,405,585 shares, representing 24.22% of UNIKAI’s issued share capital, falling short of the required 50% plus one share minimum.
As the minimum acceptance condition was not met, the offer of AED 6.60 per share is cancelled in its entirety.
No shares will be transferred to the offeror, and no shareholders will receive the offer price as a result of the failed condition.