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Today: Listing Kima right issue separately

Today: Listing Kima right issue separately

ArabFinance: Egyptian Stock Exchange's (EGX) listing committee approved on July 18, 2018, Listing Egyptian Chemical Industries Company (KIMA) (EGCH)245,000,000 right issues separately from the underlying stock in exchange for issued capital hike.

The company intends to increase issued capital to LE4,389,753,565 from LE3,164,753,565 with increase amounting to LE1,225,000,000.

The capital increase will be distributed over 245,000,000 billion shares at par value of LE5 per share with issuance expenses of LE0.05.

The Shareholders on record of July 25, 2018, will be entitled to participate in the capital increase by 38.7% of their shares in the company's capital before the increase.

The subscription will be opened for one month, starting July 30, 2018, till ending of trading session August 30, 2018.

The right issue will be traded separately from the original stock from July 30, till ending of trading session August 27, 2018.

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