Original title: ADNOC L&S CFO on $317M Secondary Share Sale
00:00 Nick, thanks so much for joining us. A big, big day for Adnoc L.A. You’ve completed placement of 222 million shares with institutional investors. That represents about 3% of the total outstanding share capital. And with that, it increases the company’s free float to around 22%. So first of all, let me just start off by asking you whether you were pleased with the book building process. I know it took about 4 hours in total for the books to close. Thanks very much for having me on. And yeah, we’re absolutely thrilled with the outcome of the book building, which of course is done by the selling shareholder, our parent. But it was oversubscribed seven times on just a four hour bookbuild at a price which is very tightly adjusted to the pricing of the last few days. So it’s a really good outcome and it demonstrates really strong demand for the stock. Now, it could eventually open the path for MSCI inclusion. What would that mean for your company? What does it offer to you in terms of