Last checked at 12 Aug 2008 15:23
Al Ezz Steel Rebars Co. S.A.E
Authorized capital 8 billion Egyptian Pounds
Issued Capital 911 940 970 Egyptian Pounds
Commercial Register 472/Monofeya Governorate
Subscription Notice
Al Ezz Steel Rebars Co. S.A.E, is honored to invite all shareholders to subscribe in a capital increase by issuing 364,776,388 new shares at a par value EGP 5 (five Egyptian Pounds per share) and with no issuance premium.
According to the following:
The grounds for the capital increase: The Board of Directors' resolution adopted on Wednesday July 30th, 2008.
The amount of the capital increase: EGP 1,823,881,940 by issuing 364,776,388 new shares at a par value of EGP 5 (five Egyptian Pounds per share), by offering each existing share the right to subscribe to two new shares.
The Issuer's details.
Company Name: Al Ezz Steel Rebars Co. S.A.E
Applicable Law: Law No.159 for 1981
Commercial Register: 472/Monofeya Governorate
Head office: Sadat City- forth industrial zone.
Issued capital: EGP 911,940,970 (representing 182,388,194 shares)
Form of shares: Ordinary shares issued for cash
Purpose of the issue: Financing expansions in Egypt and the Region.
Dividend Entitlement: The New Shares will be entitled to the same dividend as may be
paid in respect of existing shares.
Share Listing: The Company is listed on the Cairo and Alexandria Stock
Exchanges (official schedule 1)
Company Auditor: KPMG Hazem Hassan (Pyramid Heights Office Park, Km
22 Cairo, Alexandria Road, Cairo, Egypt)
Terms of Subscription
Subscription rights: Shareholders at the end of the trading session on Sunday August 24, 2008, shall have the right to subscribe to the shares of the capital increase pro rata to their shareholdings at the ratio of two new shares for each existing share.
Value of subscriptions: the subscribed shares shall be fully paid at a par value of 5 Egyptian Pounds per share.
Subscription date: the subscription period will start from August 26th, 2008 until September 25th, 2008. In the event the capital increase is fully subscribed to, the subscription period will be reduced accordingly.
Subscription Bank: Payment shall be made in Egyptian Pounds to the branches of the National Bank of Egypt
Required documents
Photocopy of identity card for natural persons or commercial registration for judicial persons.
Statement of account for each shareholder issued by the relevant custodian or Misr for Central Clearing, Depository and Registry Co. evidencing ownership of the shares at the subscription date stated above.
The unsubscribed shares
In the event that not all rights are subscribed to, the capital increase shall only represent the subscribed number of shares.
Investor Relations:
Mr. Kamel Galal- Investor Relations Manager
Address: 10 Shehab St., Mohandessin, 12411 Giza.
It is to be noted that, In the event the last day of subscription period is an official holiday, the following business day shall be the last day of subscription.
Chairman of the Board of Directors