31 May 2012 11:17
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STATEMENT
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EFG-Hermes Holding S.A.E. issued today the following statement:
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EFG-Hermes Holding S.A.E. Chairperson received yesterday at 11:40PM a letter via email from a company named "Planet IB Limited" expressing interest to place a tender offer to acquire 100% of EFG Hermes Holding listed shares, in accordance with the Egyptian Capital Markets Law and Executive Regulations. As per the letter, "Planet IB Limited" has been established with a special purpose to complete this acquisition and will encompass a number of Arab investors and Egyptian bankers. The letter did not include any information of the acquirer, tender offer price, or any other additional information.
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Moreover, any tender offers should be submitted to the Egyptian Financial Supervisory Authority (EFSA).
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