Sign In
Last checked at 
9 Jun 2014 08:45
ANNOUNCEMENT
Cairo, June 9, 2014:
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:
Below is the translation from Arabic of the main points of EFSA's Statement:
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.
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.
The offer is currently being reviewed by EFSA.
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
Follow the stocks
