ADNOC to Redeem Exchangeable Bonds in ADNOC Distribution Upon Maturity in June 2024

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“ADNOC” intends to recover the value of replaceable bonds in “ADNOC Distribution” when they fall due in June

As the largest shareholder in Adenox, Adenox reaffirms its long-term commitment to the company, and fully supports its new medium-term growth strategy that has just been unveiled, and believes that this step will contribute to creating additional value for all stakeholders. And Adenox has issued convertible bonds in May 2021, with about 375 million shares in Adenox. And the bond option ends with the shares being redeemed on May 4, 2024. And Aden…