Ismailia Misr Poultry Co. announced that the two phases of its rights issue were subscribed by 79.79%, representing EGP 95.7 million proceeds.
Accordingly, the company’s rights issue has ended as the number of subscribed shares in the two phases totaled 23.9 million, or 79.8% out of the 30 million offered shares.
The remaining secondary shares amounted to 6.1 million, or 20.2%.
The company launched the rights issue to increase issued capital by EGP 120 million to EGP 383.685 million from EGP 263.685 million.