EFSA agrees to a compulsory purchase offer from Ezz Dekheila

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The Egyptian Financial Supervisory Authority (EFSA) has approved the publication of the compulsory mixed bids offer submitted by Ezz Dekheila Steel Company up to 100% of the shares of Ezz Rolling Plants Company at a price of LE 23.07 per share and / or 51 swap co. Target Company) For each share capital increase of Ezz Dekheila Steel – Alexandria (the company offering).

The Egyptian Financial Supervisory Authority (EFSA) has announced the filing of a compulsory mixed bidding project submitted by Ezz Dekheila Steel Company – Alexandria to buy 89.9 million shares representing 100% of the capital of Ezz Factories Company at a cash price of LE 23.07 per share in return for the company's capital increase. Introduction to the offer, in accordance with the provisions of Part XII of the Executive Regulations of the Capital Market Law No. 95 of 1992.

The Egyptian Financial Supervisory Authority (EFSA) has announced the filing of the disclosure form of Ezz Dekheila Steel – Alexandria, in accordance with the provisions of Article 48 of the Egyptian Exchange's Listing Rules, which includes approving the first steps in increasing the authorized capital from LE 1.5 billion to 4 billion. fairy.

It also includes increasing the issued capital from LE 1.336 billion to LE 2.636 billion, an increase of LE 1.3 billion distributed on 13 million shares based on the fair value of LE 1176.85 per share, according to the study of the independent financial advisor by LE 100 per share (nominal value) plus LE 1076.85 Share (bonus issue).

This comes within the framework of the acquisition of Ezz Dekheila Steel – Alexandria to acquire up to 42 million shares, 56% of the shares of Ezz Flat Steel Industry and up to 89898683 shares, 100% of the shares of Ezz Rolling Mills Company based on the fair value of shares by 10.09 US dollars. Fair value of Ezz Flat Steel 23.23 EGP Fair value of Ezz Steel.

. (tagsToTranslate) Financial control

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