Rubex Plastic Manufacturing Co. announced that a total of 2.8 million shares were subscribed to in its rights issue, including 2299758 shares for owners of accounts payable.
It added that the total value of shares reached EGP 2.536 million, excluding the value of accounts payable reaching EGP 11.659 million, at EGP 5 par value plus EGP 0.07 issue costs each.
Accordingly, the rights issue was covered by 100%.
Rubex announced earlier that phase one in the rights issue was covered by 92.97%. The market regulator had approved the company’s capital increase by EGP 14 million.
The Egyptian Financial Supervisory Authority (EFSA) announced initially approving a request from Rubex to invite shareholders to subscribe to 196,890 remaining secondary shares at EGP 5 par value plus EGP 0.07 issue costs each.
FY13 financial results had shown EGP 1.59 million net profit, with 50.3% jump y/y from EGP 1.06 million.