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4.4M shares covered in 1st round of Asek for Mining's subscription

4.4M shares covered in 1st round of Asek for Mining's subscription

ArabFinance: Asek Company for Mining – Ascom (ASCM) disclosed the results of the subscription's first round that closed on September 17, 2019, as follows:

The covered stocks in the first phase of the sub. reach 4,378,851 stocks while the uncovered stocks are 3,621,149.

The company added that the coverage percentage is 54.74% from the offered shares which are amounting to 8 million shares at par value of EGP 10 without issuance expenses. It will offer the uncovered shares in a second round of subscription. 

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