El Badr Plastic announces coverage of capital increase subscription
Updated 1/4/2021 12:04:34 PM
ArabFinance: El Badr Plastic Company announced the capital increase subscription has been covered by 81.12%, an equivalent of 12,411,226 shares, according to the company’s statement filed to the Egyptian Exchange.
The company offered 15.3 million shares amounting to EGP 7.803 million including the issuance outlays. The subscription started from December 2nd until December 31st.
The company stated that the uncovered shares are 2,888,774 with a total amount of EGP 1,473,278, including issuance outlays.
The EGX's operations committee set the opening price of the El Badr Plastic's rights issue on the first trading day at EGP 0.135 per each.
Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.
