Last checked at 17 May 2021 09:56
EZZ Steel Company - S.A.E.
Cairo, 17 May 2021 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD)
The company announces that the following insider trading transaction will be executed during the period from the date of this announcement to 19 May 2021:
Investor Mr. Ahmed Abdel Aziz Ezz will be purchasing 9,039,417 GDRs (equivalent to 27,118,251 shares) from Al Ezz Holding for Industry and Investment. The direct shareholding of Mr. Ahmed Abdel Aziz Ezz will increase from 148,304,540 shares (27.30% of total issued shares) to 175,420,791 shares (32.29% including GDRs). The shareholding of Al Ezz Holding for Industry and Investment will decrease from 208,630,599 shares (38.40% including GDRs) to 181,512,348 shares (33.41%). It should be noted that this is an internal restructuring as Mr. Ahmed Abdel Aziz Ezz and related parties own 99.999% of Al Ezz Holding for Industry and Investment.
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