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July 12: Listing EFG Hermes shares of capital hike

July 12: Listing EFG Hermes shares of capital hike

ArabFinance: The Listing Committee held on June 27, approved listing the issued capital increase of EFG Hermes (HRHO) to LE3,843,091,115 from LE3,074,472,890. It will transfer LE768,618,225 from legal reserves to be distributed over 153,723,645 shares at par value of LE5 per share.

The Company will distribute 0.25000000081 free stock for every existing one held before capital increase, to shareholders as of record on 11/07/2018 and will be distributed on 12/07/2018.

The company stocks after capital increase will be added to EGX's database starting from July 12, 2018, to be 768,618,223 stocks. 

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