9 Jun 2014 08:45
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ANNOUNCEMENT
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Cairo, June 9, 2014:Â
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On Thursday June 5th, the Egyptian Financial Supervisory Authority (EFSA) published the following statement which was addressed to the Chairman of the Egyptian Stock Exchange:
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Below is the translation from Arabic of the main points of EFSA's Statement:
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A draft voluntary tender offer was submitted to EFSA today (as per the Executive Regulations of Capital Markets Law no. (95) for year 1992), from:
1- "New Egypt Investment Fund B.V." to purchase 17.82% of EFG Hermes Holding's outstanding shares;
2- "Beltone Financial Holding" to purchase 1.09% of EFG Hermes Holding's outstanding shares;
3- "Beltone Capital Holding for Financial Investments" to purchase 1.09% of EFG Hermes Holding's outstanding shares.
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The sum of which represents a total of 114,696,900 shares (local or GDRs after converting them to local shares) representing 20% of total EFG Hermes' outstanding shares; with a price offering of EGP16. Noting that, to participate in the tender offer, GDRs should first be converted to local shares.
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The offer is currently being reviewed by EFSA.
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For further information:
Investor Relations Contacts
Tel: +20 (0)2 35356710
Fax: +20 (0)2 3535 7017
Email: investor-relations@efg-hermes.com
www.efg-hermes.com