The Egyptian Financial Supervisory Authority (EFSA) said it initially approved a request from Ismailia Misr Poultry Co. to invite shareholders to subscribe to 6103938 remaining secondary shares at EGP 4 par value plus EGP 0.05 issue costs each.
Subscription to the secondary shares will start on Wednesday, August 27 till Tuesday, September 2, 2014.
The company had announced last week that subscription to its rights issue reached 79.65%, or 95.6 million shares. EFSA had approved a disclosure from the company to increase capital by EGP 120 million to EGP 383.685 million from EGP 263.685 million.