Brooge Energy Limited Announces Closing of Transaction and Declaration of Dividend

Core Points - Brooge Energy Limited has successfully closed a transaction with Gulf Navigation Holding PJSC, following overwhelming support at its Extraordinary General Meeting held on September 30, 2025 [1][2][3] - The company will distribute substantially all of the consideration received from the transaction to shareholders as a dividend, with a record date set for September 10, 2025 [4] - Shareholders outside the United States will receive their dividend in the form of GulfNav securities, approximately 22.787 shares per Company share, while those in the U.S. will receive a cash payment of USD 7.76 per share on or about December 2, 2025 [5][6] - The majority shareholder, BPGIC Holdings Limited, will receive a reduced dividend due to assuming specific liabilities, and no further distributions to shareholders are anticipated [7]