Ahmed Abdel Rahman _ The Egyptian Exchange announced the execution of the public and private offering of the shares of MNT Tech Holding for Financial Investments, known as "MNT-Halan", amounting to 320 million shares, representing 20% of the company's issued capital, at a price of EGP 24.50 per share, with a total value of EGP 7.840 billion.
The EGX disclosed that the offering was executed in two tranches: the first is the public offering for 48 million shares, representing 15% of the total offering and 3% of the company's total shares.
It clarified that the second tranche, designated for the private offering, comprises 272 million shares, representing 85% of the total offering and 17% of the company's total shares.
It indicated that Misr Central Clearing, Depository and Registry (MCDR) reported that the over-subscription amounts will be made available in the brokerage firms' accounts today.
