Last checked at 11 May 2016 08:29
Summary of Resolutions for the Board of Directors Meeting Held on 10/05/2016
Cairo, May 11th, 2016: EFG Hermes S.A.E. Board of Directors convened on Tuesday 10/5/2016 at 2:00 p.m. and approved the following:
EFG Hermes S.A.E. Board of Directors approved the waiver of the irrevocable underwriting agreement with Credit Libanais Investment Bank S.A.L. "CLIB" in relation to the sale of 5,506,134 shares (Phase II) as a condition precedent to the execution of the sale of 9,408,749 shares of its holdings in Credit Libanais (Phase I) in an effort to facilitate the completion of the sale. Subsequently, the Board has mandated CLIB to sell the shares of Phase II on a Best Effort basis.
For further information:
Investor Relations Department
Email: investor-relations@efg-hermes.com
Tel: +20 (0)2 35356710
Fax: +20 (0)2 3535 7017
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