Oct 13 (Reuters) – DUBIZZLE GROUP: * ANNOUNCES ITS INTENTION TO FLOAT ON DUBAI FINANCIAL MARKET (DFM) * OFFERING REPRESENTS APPROXIMATELY 30.34% OF COMPANY’S TOTAL ISSUED SHARE CAPITAL * SUBSCRIPTION PERIOD WILL OPEN ON 23 OCT AND IS EXPECTED TO CLOSE ON 29 OCTOBER * PROSUS COMMITTED TO INVEST US$100 MILLION IN IPO * ADMISSION OF SHARES TO TRADING ON DFM EXPECTED TO TAKE PLACE ON OR AROUND 06 NOV * DUBIZZLE GROUP H1 GROUP ADJUSTED REVENUE $117 MILLION * IN SHORT TERM, CO EXPECTS CASH FLOWS TO BE RE-INVESTED IN GROWING BUSINESS * IN MEDIUM TERM, CO AIMS TO PUT IN PLACE AN ATTRACTIVE DIVIDEND POLICY FOR SHAREHOLDERS
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