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Egypt for Poultry's board ratifies selling 4.7 m treasury stocks

Egypt for Poultry's board ratifies selling 4.7 m treasury stocks

ArabFinance: Egypt for Poultry (EPCO) reported in a statement sent to EGX, the board of directors convened on July 13, 2017. 

The board ratified hiring Professionals for Investment Banking as independent financial advisor to evaluate the obligatory tender offer which is submitted by Naed For Investment according to Law 95 for 1992. 

Egypt for Poultry's board unanimously approved selling treasury stocks amounting 4,730,000 stocks, representing 10% of the company capital through Naed for Investment's mandatory offer. The treasury stocks have been purchased starting July 20, 2016, and ending January 31, 2017, to be displayed on OPR monitor on Sunday, July 16, 2017. 

see also: Today: EGX opens OPR for Naed to buy Egypt for Poultry

              Naed hires ArabFinance to execute tender offer of Egypt for Poultry

              FSA: Naed submits tender offer to acquire Egypt Poultry

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