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ICMI rights issue covered 87% in 1st phase

ICMI rights issue covered 87% in 1st phase
Photo Credit: Arabianeye-Reuters
ICMI
ICMI
9.95% 1.55 0.14

International Company for Medical Industries’ (ICMI) rights issue was covered by 87.025% in the first phase, with a subscription total of 5.6 million shares.

Nearly 830,300 shares remain unsubscribed, the company said in a bourse statement.

In October 2014, the company said it received the Egyptian Exchange’s (EGX) approval to raise its capital from EGP 5.6 million to EGP 12 million, an increase of EGP 6.4 million distributed across 6.4 million shares.

The firm is currently capitalised at EGP 5.6 million, distributed across 5.6 million shares at EGP1 par value each.