Last checked at 1 Sep 2015 09:03
TRANSLATION FROM ARABIC
USummary of Board of Directors Resolutions
UEFG Hermes Holding S.A.E.
Monday 31/8/2015
EFG Hermes S.A.E. Board of Directors convened on Monday 31/8/2015 at 3:00 p.m. (CLT).
Below is the summary of the Board resolutions:
1. At the request of EFSA and pursuant to directive number 8 for the year 2014; the Board of Directors decided to initiate the process of transferring the ownership of 36,956,522 shares of EFG Hermes Holding from EFG Hermes IB Limited back to the Holding company.
2. The Board of Directors approved starting the procedure to reduce the issued capital from EGP 3,259,255,500 to EGP 3,074,472,890 after the completion of the shares transfer and authorized the Chairperson to invite the EGM to approve such capital decrease.
The meeting concluded at 3:30 pm (CLT).
For further information:
Investor Relations Contacts
Tel: +20 (0)2 35356710
Fax: +20 (0)2 3535 7017
Email: investor-relations@efg-hermes.com
Head of Investor Relations
Hanzada Nessim
Email: hnessim@efg-hermes.com
Tel: +20 (0)2 35356502
Fax: +20(0)2 3535 7017
www.efg-hermes.com