News Details
Listing the Rights Issue Of Sinai Cement -1 , separately from the underlying shares of the Company. Main Market
22/03/2018
RIC : SCEM_r1.CA
The Listing Committee held on 22/03/2018 has approved to list the Rights Issue Of Sinai Cement -1, separately from the underlying shares of the company. The company’s issued Rights amounted to 68,058,443 Rights, resulting from the company’s capital increase from EGP 680,584,430 to EGP 1,361,168,860 , such increase amounting EGP 680,584,430 is through rights issue for the company’s existing shareholders , at a par value of EGP 10 per share . taking into consideration the following :-
The rights issue will be added to EGX database to be traded (separately from the underlying shares ) staring 25/03/2018 till the end of 18/04/2018 trading session ”ISIN Code (EGS92181C014)”, only if the market price of company’s share were higher than the subscription price of the rights issue.
This rights issue will be removed from EGX database by the end of 18/04/2018 trading session.