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Record date for Rubex EGP14 mln rights issue July 2

Record date for Rubex EGP14 mln rights issue July 2
Rubex
RUBX
-1.77% 6.11 -0.11
The Egyptian Financial Supervisory Authority (EFSA) announced approving the capital increase of Rubex Plastic Manufacturing by EGP 14 million.
Accordingly, shareholders of record till the close of trading on July 2 will be entitled to subscribe to 2.8 million shares at EGP 5 par value plus EGP 0.07 issue costs each.
Subscription will start on July 7 through August 5, 2014. It may close if shares are fully subscribed.
Rubex FY13 financial results had shown EGP 1.59 million net profit, with 50.3% jump y/y from EGP 1.06 million.