Air Arabia IPO

AirArabia PJSC IPO

At AED 2.57 billion, the Air Arabia IPO is the largest in the UAE to date. The Emirates Post IPO is expected to be even larger with the amount rumoured to be from AED 3 billion to AED 3.7 billion [05 April 2007].

If you want to sign up for the Air Arabia IPO, you need to do two things, in this order.

1. Go to the DFM (Dubai Financial Market) and obtain an investor number. You can either do this directly, or some of the DFM brokers will do this for you. See the new investors at DFM page for the sign up procedure, and the DFM subscription forms page for the paperwork. See the DFM brokers page for a list of brokers, or the DFM broker discussion list for opinions and comments.

2. Go to one of the receiving banks (see list at end of this page) and collect Air Arabia IPO subscription forms. Fill them in and hand them back to a receiving bank along with all the paperwork needed.

A copy of the AirArabia IPO prospectus with list of receiving banks and detailed information is below. To discuss and read other comments about the Air Arabia IPO, visit the Air Arabia IPO discussion or see the Air Arabia IPO forum on DubaiShareTalk.

This is not the official Air Arabia IPO prospectus. Obtain it from one of the receiving banks (list at end of page). Section highlights from ShareWadi.com

Air Arabia IPO Prospectus

(Under establishment in the Emirate of Sharjah, United Arab Emirates)

Notice for the Initial Public Offering of 2,566,700,000 common Shares to individual and institutional investors from the United Arab Emirates, and other countries, representing 55% of the Company’s share capital at an Offer Price of AED1.00 per Share (with an additional AED0.02 per Share in Offering Costs) payable in full upon subscription.

Air Arabia PJSC (under establishment) (the “Company”)

Air Arabia is a leading regional low-cost carrier based at Sharjah International Airport. Established in 2003 pursuant to an Emiri Decree issued by His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Company was later incorporated as a limited liability company. The Ministry of Economy approved in March 2007 the conversion of Air Arabia LLC to Air Arabia PJSC (a public joint stock company – under establishment), pursuant to the fulfilment of all legal requirements and necessary procedures in accordance with the Commercial Companies Law number 8 of 1984, and its executive resolutions and the initial public offering of its Shares.

Over the past three years, Air Arabia has grown significantly, increased its fleet size, built a record of safety and a brand that is associated with reliable service. Air Arabia currently operates a fleet of nine leased Airbus A320 aircraft and flies to 34 destinations within the Middle East, North Africa and the Indian sub-continent.

Air Arabia offers air travel at low fares, and sets the highest standards for safety and punctuality, with the objective of serving its customers with the safest and most efficient air travel service. Since its inception, Air Arabia has safely flown more than 3.3 million passengers to their destinations.

The Department of Economic Development – Sharjah, issued resolution no. 18 of 2007 approving the incorporation of the Company after fulfillment of all legal requirements for the establishment of a Public Joint Stock Company in the UAE. Upon incorporation, the total capital of the Company will be AED 4,666,700,000 divided into 4,666,700,000 Shares with the nominal value of each share being AED1.00.

The Founding Shareholders (the “Founders")

The Founders of the Company have subscribed to 2,100,000,000 Shares, representing 45% of the Company’s share capital, paid for in-kind in the form of shares in Air Arabia LLC, and in-cash. The total value of the in-kind contribution has been determined at AED 1,400,000,000 at a price of AED1.00 per Share. The Founders consist of:

Name	Nationality	Type	Num Shares
Sharjah Department of Civil Aviation	UAE	In-Kind	490,000,000
Al Maha Holding Company Free Zone		In-Kind	420,000,000
Sharjah International Airport Authority	UAE	In-Kind	322,000,000
IGCF SPV 4 Limited	Cayman Islands	Cash	200,000,000
IGCF SPV 5 Limited	Cayman Islands	Cash	100,000,000
Air Arabian Employees	UAE	In-Kind	70,000,000
Global Finance	UAE	Cash	20,000,000
Gulf Holding	UAE	Cash	20,000,000
Red Star International	UAE	Cash	20,000,000
Sky Investment	UAE	Cash	20,000,000
The Finance Group	Bahrain	Cash	20,000,000
Emirates Global	UAE	Cash	15,000,000
Falcon United Investment Limited	UAE	Cash	15,000,000
Royal Sky Limited	UAE	In-Kind	14,000,000
F.R.T. International	UAE	In-Kind	14,000,000
Arabian Management Services	UAE	In-Kind	14,000,000
Elliot Financing	UAE	In-Kind	14,000,000
General Investment Services	UAE	In-Kind	14,000,000
Marketing Foundations Free Zone		In-Kind	14,000,000
Private Wing	UAE	In-Kind	14,000,000
International Financial Service	UAE	Cash	10,000,000
International Investment Holding	UAE	Cash	10,000,000
Khaldoun Adnan Makhlouf	Syria	Cash	10,000,000
Tatweer Real Estate Co. LLC	UAE	Cash	10,000,000
Al Arooba Finance	UAE	Cash	10,000,000
Al Burj Estalishment	UAE	Cash	10,000,000
Al Butha Trading and Manufacturing	UAE	Cash	10,000,000
Al Jassemia Investment wll	Qatar	Cash	10,000,000
Al Shahd Trading	UAE	Cash	10,000,000
Al Zubair Real Estate	UAE	Cash	10,000,000
Al-Zahra Real Estate	UAE	Cash	10,000,000
Amal Investment	UAE	Cash	10,000,000
Freight House	UAE	Cash	10,000,000
Sheikh Abdullah Bin Mohammad Al Thani	UAE	Cash	7,000,000
Al Buhaira National Insurance Co.	UAE	Cash	5,000,000
Bank of Sharjah Ltd	UAE	Cash	5,000,000
Invest Bank	UAE	Cash	5,000,000
Sharjah Insurance	UAE	Cash	5,000,000
Sharjah Islamic Bank	UAE	Cash	5,000,000
Garbil Trading	BVI	Cash	3,000,000
Abdullah Omran Tayam	UAE	Cash	2,000,000
Al Maha Real Estate LLC	UAE	Cash	2,000,000
Al Waleed Bin Khaled Ahmad Bin Khadim	UAE	Cash	2,000,000
Comfort Real Estate Est.	UAE	Cash	2,000,000
Euro Gulf	UAE	Cash	2,000,000
Fast Track	Qatar	Cash	2,000,000
Hameed Diya Jaafar	UAE	Cash	2,000,000
Sami Rashed Farhat	Canada	Cash	2,000,000
Sheikh Khaled Bin Abdullah Bin Sultan Al Qasimi	UAE	Cash	2,000,000
Amjad Mohammad Yusri Al Dweik	UAE	Cash	1,000,000
Bukhatir Investments Ltd	UAE	Cash	1,000,000
E.K. Trading Limited	Qatar	Cash	1,000,000
Jamal Salem Al Tureifi	UAE	Cash	1,000,000
Khalfan Mohammad Al Roumi	UAE	Cash	1,000,000
Khamis Bin Salem Al Suweidi	UAE	Cash	1,000,000
Mohammad Ghanem Al Ghaith	UAE	Cash	1,000,000
Omran Matar Taryam	UAE	Cash	1,000,000
S.B.S. General Trading Limited	UAE	Cash	1,000,000
Saeed Abdullah Juma Al Mutawa	UAE	Cash	1,000,000
2001 Trading Establishment	Qatar	Cash	1,000,000
Abdullah Hasan Mohammad Gharib	UAE	Cash	1,000,000
Abdullah Juma Al Mutawa	UAE	Cash	1,000,000
Abdullah Juma Al Sari	UAE	Cash	1,000,000
Abdul-Rahman Mohammad Nasser Al Oweis	UAE	Cash	1,000,000
Al Nojom Center	UAE	Cash	1,000,000
Al Saud Company Ltd.	UAE	Cash	1,000,000
Ali Bin Ahmad Al Mazroua	UAE	Cash	1,000,000
Ali Bin Salem Abdul Rahman Al Midfa	UAE	Cash	1,000,000
Ali Bin Salem Al Mazroua	UAE	Cash	1,000,000
Sheikh Mohammad Bin Salem Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Mohammad Bin Saud Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Saqr Bin Rashed Al Qasimi	UAE	Cash	1,000,000
Sheikh Saud Bin Hamd Bin Majid Al Qasimi	UAE	Cash	1,000,000
Sheikh Saud Bin Khaled Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Sultan Bin Ahmad Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Sultan Bin Khaled Bin Mohammad Al Qasimi	UAE	Cash	1,000,000
Sheikh Sultan Bin Khaled Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Sultan Bin Saqr Sultan Bin Salem Al Qasimi	UAE	Cash	1,000,000
Sheikh Tareq Bin Faisel Al Qasimi	UAE	Cash	1,000,000
Sheikh Faisl Bin Mohammad Al Qasimi	UAE	Cash	1,000,000
Sheikh Hamd Bin Majid Al Qasimi	UAE	Cash	1,000,000
Sheikh Hameed Bin Mohammad Bin Saqr Al Qasimi	UAE	Cash	1,000,000
Sheikh Issam Bin Saqr Al Qasimi	UAE	Cash	1,000,000
Sheikh Khaled Bin Abdulaziz Bin Mohammad Al Qasimi	UAE	Cash	1,000,000
Sheikh Khaled Bin Issam Bin Saqr Al Qasimi	UAE	Cash	1,000,000
Sheikh Khaled Bin Saqr Bin Hamd Bin Majid Al Qasimi	UAE	Cash	1,000,000
Sheikh Majid Bin Hamd Bin Majid Al Qasimi	UAE	Cash	1,000,000
Sheikh Majid Bin Saud Bin Khaled Al Qasimi	UAE	Cash	1,000,000
Sheikh Mana Bin Rashed Bin Mana Al Maktoum	UAE	Cash	1,000,000
Salem Abdullah Salem Al Hosani	UAE	Cash	1,000,000
Salem Bin Mohammad Bin Salem Al Oweis	UAE	Cash	1,000,000
Seif Bin Salem Khamis Al Suweidi	UAE	Cash	1,000,000
Sheikh Abdullah Bin Majid Al Qasimi	UAE	Cash	1,000,000
Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Abdul-Rahman Bin Salem Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Ahmad Bin Sultan Bin Saqr Al Qasimi	UAE	Cash	1,000,000
Sheikh Faisel Bin Khaled Bin Khaled Al Qasimi	UAE	Cash	1,000,000
Sheikh Faisel Bin Khaled Bin Sultan Al Qasimi	UAE	Cash	1,000,000
Sheikh Faisel Bin Sultan Bin Salem Al Qasimi	UAE	Cash	1,000,000
Sultan Ali Obeid Bin Butti Al Muhairi	UAE	Cash	1,000,000
Sultan Bin Salem Khamis Al Suweidi	UAE	Cash	1,000,000
Valensia General Land Transport	UAE	Cash	1,000,000
Ziad Abdullah Galladari	UAE	Cash	1,000,000
Abdul Aziz Hamd Taryam	UAE	Cash	500,000
Abdul Rahman Bin Ali Al Jarwan	UAE	Cash	500,000
Abdul-Aziz Hasan Abdul-Rahman Al Madfa	UAE	Cash	500,000
Abdullah Ali Saeed Bin Saho	UAE	Cash	500,000
Abdullah Bin Mohammad Al Oweis	UAE	Cash	500,000
Abdullah Bin Mohammad Al Qaseer	UAE	Cash	500,000
Abdullah Mohammad Ibrahim Obeidullah	UAE	Cash	500,000
Abdullah Salman Al Amri	UAE	Cash	500,000
Abdul-Rahman Bin Salem Al Mazroua	UAE	Cash	500,000
Abdul-Rahman Mohammad Obeid Al Shamsi	UAE	Cash	500,000
Abdul-Wahab Mohammad Al Roumi	UAE	Cash	500,000
Ahmad Abdullah Al Noman	UAE	Cash	500,000
Ahmad Bin Mohammad Al Madfa	UAE	Cash	500,000
Ahmad Bin Salem Al Suweidi	UAE	Cash	500,000
Ahmad Nasser Al Fardan	UAE	Cash	500,000
Ahmad Rashed Al Jarwan	UAE	Cash	500,000
Hanan Rashed Al Jarwan	UAE	Cash	500,000
Humaid Abdullah Al Masroa	UAE	Cash	500,000
Jamal Mohammad Khalifa Ghanem Al Humeiri	UAE	Cash	500,000
Jassem Mohammad Al Mahmoud	UAE	Cash	500,000
Khaled Ismail Safar	UAE	Cash	500,000
Khaled Jassem Seid Al Madfa	UAE	Cash	500,000
Marwan Mohammad Hussein	UAE	Cash	500,000
Mohammad Abdullah Al Khayyal	UAE	Cash	500,000
Mohammad Ali Al Noman	UAE	Cash	500,000
Mohammad Omran Taryam	UAE	Cash	500,000
Ali Abdullah Al Noman	UAE	Cash	500,000
Ali Mohammad Hasan Al Shahdour	UAE	Cash	500,000
Ali Nasser Al Fardan	UAE	Cash	500,000
Aziz Al Rahman Ahmad-Din	Pakistan	Cash	500,000
Ghanem Mohammad Al Hajiri	UAE	Cash	500,000
Hamd Abdul-Rahman Al Madfa	UAE	Cash	500,000
Hamd Bin Salem Al Mazroua	UAE	Cash	500,000
Hameed Bin Ghareeb Al Mahmoud	UAE	Cash	500,000
Hameed Mohammad Al Hudeidi	UAE	Cash	500,000
Hammed Bin Nasser Al Oweis	UAE	Cash	500,000
Sheikh Salem Bin Sultan Bin Saqr Bin Mohammad Al Qasimi	UAE	Cash	500,000
Sheikh Saqr Bin Mohammad Bin Khaled Bin Khaled Al Qasimi	UAE	Cash	500,000
Sheikh Sultan Bin Abdullah Bin Sultan Al Qasimi	UAE	Cash	500,000
Sultan Abdullah Al Suweidi	UAE	Cash	500,000
Sultan Mohammad Obeid Al Hajri	UAE	Cash	500,000
Tariq Sultan Bin Khadem	UAE	Cash	500,000
Taryam Matar Taryam	UAE	Cash	500,000
Waleed Ibrahim Al Sayegh	UAE	Cash	500,000
Yehya Abdul Karim Abdullah Ahmad	UAE	Cash	500,000
Youssef Saleh Al Suweiji	UAE	Cash	500,000
Salem Balaswad Mbarak	UAE	Cash	500,000
Salem Humeid Al Ghammai	UAE	Cash	500,000
Salem Obeid Husan Al Shamsi	UAE	Cash	500,000
Salem Obeid Seif Al Suweidi	UAE	Cash	500,000
Saud Mohammad Ibrahim Obeidullah	UAE	Cash	500,000
Sheikh Ahmad Bin Mohammad Bin Khaled Bin Khaled Al Qasimi	UAE	Cash	500,000
Sheikh Ahmad Bin Saqr Bin Hameed Al Qasimi	UAE	Cash	500,000
Sheikh Fahem Mohammad Khaled Al Qasimi	UAE	Cash	500,000
Sheikh Haitham Bin Saqr Bin Sultan Al Qasimi	UAE	Cash	500,000
Sheikh Saeed Bin Saqr Bin Sultan Al Qasimi	UAE	Cash	500,000
Mohammad Raed Barqawi	UAE	Cash	500,000
Mohammad Seif Al Hajiri	UAE	Cash	500,000
Obeid Bin Issa Bin Ahmad	UAE	Cash	500,000
Omar Obeid Al Hosan Al Shamsi	UAE	Cash	500,000
Othman Ismail Sharif	UAE	Cash	500,000
Rashed Ahmad Bin Al Sheikh	UAE	Cash	500,000
Rashed Bin Obeid Juma Al-Leim	UAE	Cash	500,000
Saeed Al Raqbani	UAE	Cash	500,000
Salah Butti Obeid Bin Butti	UAE	Cash	500,000
Saleh Bin Ali Al Mutawa	UAE	Cash	500,000

The Founders Committee

The Founders have appointed a committee comprised of three (3) members to complete the establishment process with the relevant regulatory authorities. The Founders’ Committee is comprised of the following members:

Name - Position

Sheikh Abdulla Bin Mohamed Al Thani - Chairman
Mr. Adel Abdulla Ali - Member
Mr. Donald Hubbard - Member

Board of Directors

The Company’s Board of Directors will be composed of 7 members, to be elected by the General Assembly of Shareholders for a period of 3 years. The majority of the Directors, in addition to the Chairman, should be UAE nationals. As an exception, and as permissible by the Commercial Companies’ Law, the Founders have named the following individuals as Directors of the Company’s first Board of Directors that will serve for a period of 3 years from the date the Company is incorporated.

Name - Position

Sheikh Abdulla Bin Mohamed Al Thani - Chairman
Mr. Adel Abdulla Ali - Member
Mr. Taryam Matar Taryam - Member
Dr. Ghanem Mohamed Al Hajri - Member
Mr. Abdulwahab Mohammad Al Roomi - Member
Mr. Arif Naqvi - Member
Mr. Mustafa Ahmed Talat Abdel Wadood - Member

Dividend Policy

The Company is expected to adopt a dividend policy of distributing at least 25% of its net income as dividend payments subject to bank financing, working capital and capital expenditure requirements. Dividend payment will be upon the recommendation of the Company’s Board of Directors and the approval of the General Assembly of Shareholders.

Dividends (profits) accumulated during the period from January 1, 2007 to the date of incorporation of the Company as announced by the respective regulatory authorities will be distributed by the Company to the Shareholders of Air Arabia LLC.

Financial Year and First Financial Period

The financial year of the Company will start on January 1 and end on December 31. The first financial year of the company will start upon incorporation of the Company and will end on December 31 of the following year.

Auditors

The Company expects to retain the services of Deloitte & Touche as auditors following the conversion of the Company to a public joint stock company. The auditors of Air Arabia PJSC will be formally appointed at the First General Meeting of the Company.

Summary of the Offering

Tranche (I): Retail Tranche

Tranche( II): High Net Worth Individuals and Institutional Tranche

• Size of Tranche (II): 2,116,700,000 Offer Shares.
• Tranche (II) will be open to individual and institutional UAE and non-UAE subscribers who have submitted applications for a minimum of 55,000 Shares or more. Subscription to any additional Shares in this Tranche will be in the multiples of 5,000 Shares.
• Shares in Tranche (II) will be allocated on a pro-rata basis.
• If the number of Shares subscribed to does not cover the Offer Shares in Tranche (II), then subscribers will be given full allocation, with the remaining Shares being transferred to Tranche (I), (III) and (IV).

Tranche (III): Current Employees and Retirees of the Government of Sharjah Tranche

• Size of Tranche (III): 100,000,000 Offer Shares.
• Tranche (III) will only be open to Emirate of Sharjah Government Employees and Retirees who are UAE nationals and have submitted applications for a minimum of 5,000 Shares and a maximum of 15,000 Shares. Subscription to any additional Shares in this Tranche will be in multiples of 5,000 Shares.
• Shares in Tranche (III) will be allocated on a pro-rata basis, with a minimum allocation of 5,000 Shares per subscriber.
• In case the number of submitted applications exceeds the maximum number of applications available for Tranche (III) (20,000 applications), then the minimum allocation will be reduced in proportion to the increase in the number of applications submitted.
• If the number of Shares subscribed to does not cover the Offer Shares in Tranche (III), then subscribers will be given full allocation, with the remaining Shares being transferred to Tranche (II).

Tranche (IV): Management and Employees of Air Arabia Tranche

• Size of Tranche (IV): 100,000,000 Offer Shares.
• Tranche (IV) will only be open to Management and Employees of Air Arabia who have submitted applications for a minimum of 10,000 Shares. Subscription to any additional Shares in this Tranche will be in multiples of 5,000 Shares.
• Shares in Tranche (IV) will be allocated on a pro-rata basis, with a minimum allocation of 1,000 Shares per subscriber.
• In case the number of submitted applications exceeds the maximum number of applications available for Tranche (IV) (100,000 applications), then the minimum allocation will be reduced in proportion to the increase in the number of applications submitted.
• If the number of Shares subscribed to does not cover the Offer Shares in Tranche (IV), then subscribers will be given full allocation, with the remaining Shares being transferred to Tranche (II).

In accordance with the Council of Ministers’ Resolution number (8) for 2006, the Ministry of Finance and Industry has the right to subscribe for up to 5% of the Offering. The Ministry of Finance will be allocated the full percentage it will subscribe to prior to the allocation of Shares. Consequently, the Offer Shares available in Tranche (II) will be reduced according to the decision of the Founders’ Committee.

The Lead Manager reserves the right to allocate the Offer Shares to guarantee conformity with the provisions of the Commercial Companies’ Law and the Articles of Association.

Important Dates

Subscription and Incorporation Expenses

These are costs and expenses incurred in relation to the establishment of the Company. The Offering Costs are AED0.02 per Offer Share. It is expected that the proceeds from the Offering Cost will cover the costs of establishing the Company. In the event that the costs for establishing the Company exceeds the proceeds from the Offering Costs, then the defecit will be registered as an expense in the Company’s register. In the event that the proceeds from the Offering Costs exceeds the costs of establishing the Company, then the excess will be registered as an income in the Company’s register.

Subscription Procedure

Documentation Required by Subscribers

Subscribers shall submit the following documents along with their subscription application:

A. Individuals

1. UAE Nationals:
• A true copy of a valid passport
• A true copy of the national family book (Kholaset Kaid) including the cover, the pages that contain details of the family head and of the subscriber

2. Non UAE Nationals:
• A true copy of a valid passport

3. If applying under Tranche (III):
• Emirate of Sharjah Government Employees - Original letter from current employer and a true copy of staff/employee ID
• Emirate of Sharjah Government Retirees - A true copy of retired national ID or official letter

4. If applying under Tranche (IV):
• A true copy of staff/employee ID card issued by the Company

B. Any entity or organization

1. Formed in the UAE
• A true copy of a valid trade license
• Proof of representative’s authority to submit, sign and accept the terms and conditions of the subscription application on behalf of the entity

2. Formed outside the UAE, including UAE Free Zones
• A true copy of a valid certificate of incorporation or registration, or equivalent.
• Proof of representative’s authority to submit, sign and accept the terms and conditions of the subscription application on behalf of the entity.

True copies of documents must be verified by presentation of the original or by written certification by any of the following; a notary public, embassy, bank, lawyer, or accountant.

All Applicants

All submitted documents must be valid on the Offering Closing Date.

All subscribers must submit a copy of the DFM Investor No. card, if one is already issued in the subscriber’s name. It is encouraged that subscribers who do not have a DFM Investor Number apply for one prior to submitting the subscription application.

Receiving Banks

Offering prospectus & subscription application forms will be available at the IPO designated branches of the following receiving banks:

Bank - Contact tel numbers

UAE - Abu Dhabi Commercial Bank 800 2030
UAE - Dubai Bank 800 5555
UAE - Dubai Islamic Bank 04 3662180
UAE - Emirates Bank 04 3160300
UAE - First Gulf Bank 800 3476
UAE - Invest Bank 06-7467711
UAE - Mashreq Bank 04 2174800
UAE - National Bank of Abu Dhabi 02 6161816 - 819
UAE - National Bank of Fujairah 02 6773353
UAE - National Bank of Umm Al Qaiwain 600 565656
UAE - Sharjah Islamic Bank 800 742
UAE - Union National Bank 800 2600
GCC - Ahli Bank - Qatar +974 4324327
GCC - Ahli United Bank - Bahrain +973 17221999
GCC - National Bank of Oman - Oman 800 77077

Interested investors are required to submit the subscription form at one of IPO designated branches of the above-mentioned receiving banks, during the Offering period.

This is not the official Air Arabia IPO prospectus. You should obtain it from one of the receiving banks (see list above).

Disclaimer: ShareWadi.com and DubaiShareTalk.com provide UAE stockmarket related information, but do not offer investment advisory services, or brokerage services. Investing in shares is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold shares and/or other investments. Do not make investment decisions without due diligence and/or professional advice. In particular, do not assume anything you read on this site is correct or accurate. You should make your own investigations to determine if information is accurate and ultimately, you should accept that you and you alone are responsible for any investing decisions you make.

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This page last updated 27-Jul-2007. E & OE.