The Egyptian Stock Exchange (EGX) said that orders will be received and recorded on the shares of e-finance for financial and digital investments at a maximum price of LE 13.98 per share, from Sunday, Oct. 10, until the end of October 17.
The EGX indicated that the volume of the public offering tranche is 25.77 million shares, representing 10 percent of the total shares offered for sale, which represents 1.61 percent of the total shares of the issuing company.
It indcated that the minimum order is 100 shares, and the maximum number of public offering shares.
The stock exchange added that the volume of the private offering tranche is 232 million shares, representing 90 percent of the number of shares offered for sale, which represents 14.5 percent of the company’s total issued shares.
The EGX pointed out that the minimum number of individual investors’ requests in the private offering amounted to LE 5 million without a maximum limit, while the minimum for financial institutions is LE 10 million without a maximum limit.
It added that the final price will be determined after the closing of the private offering, on Tuesday, October 12, i.e. three working days before the closing of the door for receiving applications, which ends on Sunday, October 17.
The Securities Listing Committee decided to list the shares of e-finance for financial and digital investments with an issued capital of LE 800 million, distributed over 1.6 billion shares with a nominal value of LE 0.5 per share, represented in 8 issues in the listing table of Egyptian securities (shares).
