Rana Mamdouh _ Banque du Caire and Banque Misr have entered into investment agreements with a number of qualified investors, pursuant to which each investor independently commits to purchasing a number of shares within the first tranche of the private placement, in accordance with the terms and conditions of the agreement concluded therewith and at the final offering price resulting from the placement. This is subject to the fulfillment of conditions precedent and conditioned upon the price stipulated in the relevant agreement, which may vary from one investor to another.
Banque du Caire stated in its disclosure sent to the Egyptian Exchange (EGX) today that the names of the qualified investors and the agreed-upon investment percentages for each of them from the private placement tranche amounting to 95% of the total shares offered for sale, in accordance with the terms of the agreements concluded with them, are represented by Sustainable Capital Limited, established under the laws of Mauritius, with an investment percentage of up to 18% of the private placement.
The investors also include RWC Asset Advisors US (LLC) and RWC Asset Management LLP, with a combined percentage of up to 11% of the first tranche (the private placement).
The concluded agreements also included Waha Investments Limited, established under the laws of the United Arab Emirates with a percentage of up to 9% of the private placement, and Helikon Investments Limited, acting as the investment manager for the Helikon Long Short Equity Fund Master ICAV, with a percentage of up to 25% of the private placement tranche.
According to the bank's statement, the number of shares allocated to each of these investors will be disclosed upon announcing the offering results, in light of the final offering price and the terms and conditions of the agreements concluded with them.
