Final IPO Application Results and Allotment Basis

The following information pertains to the final IPO Application Results and Allotment Basis of the initial public offering of APM Terminals Bahrain B.S.C. and accordingly supersedes the information published on November 26, 2018.

Allotment Basis

Based on the results of the Applications:

1. Given that the number of Offer Shares applied for by Institutional Applicants exceeded the Institutional Allocation, all Institutional Applicants who are Eligible Applicants received their pro-rata allocation of the Institutional Allocation of 12,600,000 Offer Shares. Such pro-ration has been made on the basis of the number of Offer Shares applied for by each such Institutional Applicants who therefore received approximately 14.79% of Offer Shares applied for and a refund will be issued for the remaining amounts that have not been allotted; and
2. Given that the number of Offer Shares applied for by the Retail Applicants exceeded the Retail Allocation, the Retail Applicants who are Eligible Applicants received the number of Offer Shares available under the Retail Allotment Basis specified in the Prospectus. In particular, each such Retail Applicant having applied for 13,244 Offer Shares or less received the full (100%) amount of Offer Shares applied for. Those Retail Applicants having instead applied for more than 13,244 received full allocation in respect to the first 13,244 Offer Shares applied for and a refund will be issued for the remaining amounts that have not been allotted.
3. Given that the number of Offer Shares applied for exceeded the total amount of Offer Shares offered in the IPO, no Offer Shares will be purchased by the Underwriter under the Underwriting Agreement.

Please note that the full details of the allocation mechanics are described in Section 16.3 of the Prospectus and this announcement is subject to and shall be read in conjunction with the Prospectus.The decision of the Lead Manager on the basis of Allotment and on each individual Allotment shall be final.

Distribution of Allotment Notices and Refunds

Following approval from the Central Bank of Bahrain, the allotment was completed on Thursday 29 November 2018.  Applicants may receive their Allotment Notices from Bahrain Clear, 4^th floor, Harbour Mall, Bahrain Financial Harbour, Kingdom of Bahrain or the Applicants' designated brokerages or Participating Brokers at which they submitted their Application Forms starting from Thursday 29 November 2018 between 8:00am and 2:00pm, Sunday to Thursday (excluding public holidays).

Refunds shall be processed on Monday 3 December 2018 by the Receiving Bank in one of the following forms, as applicable: 

1. By way of refund cheques for Applicants who paid their Application Funds by way of manager’s cheques/ demand drafts. Such Applicants shall be required to collect their respective refund cheques (if any) from the particular Approved Branch of the Receiving Bank at which they submitted their Application Forms, within 30 Calendar Days starting on the Distribution of Refunds Date;
2. By way of telegraphic transfers for Applicants who paid their Application Funds by way of telegraphic transfers. All bank charges for such telegraphic transfers shall be borne by the Applicant;
3. By way of crediting the Applicant’s bank account for Applicants who hold bank accounts with the Receiving Bank and have paid their Application Funds by way of internal transfers from such accounts; or
4. By way of crediting the Applicant’s account with the Participating Broker for those Applicants who have paid their Application Funds through such Participating Broker.

Commencement of Trading

Trading in the shares of APM Terminals Bahrain B.S.C. on Bahrain Bourse is expected to commence on Sunday 9 December 2018.