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Saturday: 2nd phase of ICMI's subscription to be started

Saturday: 2nd phase of ICMI's subscription to be started

ArabFinance: Financial Regulatory Authority (FRA) approved publishing International Company for Medical Industries (ICMI) invitation for existing shareholders to subscribe to the remaining shares of the capital hike subscription's first phase that started from January 04, and ending February 04, 2018.

The second phase of capital hike subscription will amount to 18,443,213 shares, at par value of LE1 and LE0.025 issuance fees per share, with the same terms and conditions of the subscription’s first phase published on December 17, 2017.

It is worth to mention, the issued capital will be hiked to LE42,148,815 from LE12 million with increase amounting to LE30,148,815. The capital increase would be distributed over 30,148,815 shares.

The shareholders on record of December 31, 2017, and right issues holders during January 04, and January 30, 2018, that weren't covered will be entitled to participate in the capital increase without being restricted by first phase proportion. 

The subscription will be opened for five days, starting February 18, 2018, till ending of trading session February 22, 2018. 

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