du’s shareholders have approved the proposed capital reduction, which is still subject to final approval from the Securities and Commodities Authority, as well as other relevant authorities. Following approval of capital reduction, du intends to publish a notice to its creditors on 13 January 2017 and will allow a 30-day creditor notification period, expiring on 12 February 2017, before proceeding with the capital reduction. The proposed capital reduction will involve nominally cancelling 38,522,582 shares held by du and previously allocated to its employee long-term incentive plan. The share cancellation represents approximately 0.84% of du’s total issued share capital (currently 4,571,428,571 shares). Following the proposed cancellation, du’s total issued share capital will consist of 4,532,905,989 shares. (Company disclosure)   du (DU): AED6.20 as of 11 January 2017, Rating: Neutral, TP: AED6.02 per share, MCap: USD7,723mn, DU UH / DU.DU