Last checked at 2 Aug 2023 15:46
RNS Number : 1100I
EZZ Steel Company - S.A.E.
02 August 2023
EZZ Steel Company - S.A.E.
Cairo, 2 August 2023 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD)
Please find hereunder a summary of the resolutions of the Company's Extraordinary General Assembly meeting that was held on Wednesday, 2 August 2023:
Approving to extend a payment guarantee in favor of its subsidiary Al Ezz Dekheila Steel Company - Alexandria (EZDK) with a maximum amount of USD 250 million (Two hundred and Fifty million US dollars), to finance the voluntary delisting of Al Ezz Dekheila Steel Company - Alexandria (EZDK), and authorizing Mr. Hassan Ahmed Nouh, the Managing Director, or whomever he delegates, to sign the payment guarantee, and all related documents.
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