Listing the Rights Issue Of Egyptian Chemical Industries (Kima) -1 , separately from the underlying shares of the Company-Main Market
The Listing Committee held on 18/07/2018 has approved to list the Rights Issue Of Egyptian Chemical Industries (Kima) -1, separately from the underlying shares of the company. The company’s issued Rights amounted to 245 million Rights, resulting from the company’s capital increase from EGP 3,164,753,565 to EGP 4,389,753,565 , such increase amounting EGP 1,225,000,000 is through rights issue for the company’s existing shareholders , at a par value of EGP 5 in addition to 5 piaster Issuance Fees , holders of credit balances in 31/03/2018 are also allowed to subscribe in such capital increase , within the percentage of the original contribution . taking into consideration the following :-
The rights issue will be added to EGX database to be traded (separately from the underlying shares ) staring 30/07/2018 till the end of 27/08/2018 trading session ”ISIN Code (EGS921E1C019)”, only if the market price of company’s share were higher than the subscription price of the rights issue.
This rights issue will be removed from EGX database by the end of 27/08/2018 trading session.
The rights issue will be added to EGX database to be traded (separately from the underlying shares ) staring 30/07/2018 till the end of 27/08/2018 trading session ”ISIN Code (EGS921E1C019)”, only if the market price of company’s share were higher than the subscription price of the rights issue.
This rights issue will be removed from EGX database by the end of 27/08/2018 trading session.
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