Cairo – Mubasher: Banque du Caire announced the execution of investment agreements with a number of qualified investors, as part of completing the procedures for offering the bank's shares on the Egyptian Exchange (EGX), and in implementation of the provisions regarding the first tranche (the private placement).
The bank explained in a disclosure sent to the Egyptian Exchange (EGX) that it and the main shareholder (Banque Misr) have concluded agreements with a number of qualified investors, wherein each investor independently commits to subscribe and purchase in the first tranche (the private placement), which amounts to 95% of the total shares offered for sale, in accordance with the terms and conditions stipulated in the agreements and at the final offering price.
The allocation percentages for the qualified investors out of the total first tranche of the private placement were as follows:
– Sustainable Capital Limited (established under the laws of Mauritius): up to 18% of the first tranche (the private placement).
– RWC Asset Management LLP and RWC Asset Advisors (US) LLC: at a total percentage of up to 11%.
– Waha Investments Limited (established under the laws of the United Arab Emirates): up to 9%.
– Helikon Investments Limited (in its capacity as the investment manager for the Helikon Long Short Equity Fund Master ICAV): up to 9%.
The bank pointed out that the number of shares allocated to each of these investors will be disclosed immediately upon the announcement of the offering results, in light of the final offering price and the terms and conditions of the agreements concluded with them.
