Rana Mamdouh _ Qorra Energy Projects and Investments announced that the Chief Executive Officer, Mohamed Ayman Kamal El-Din Qorra, has reduced his stake in the company's capital from 68.46% to 60.26%.
Sold 184.518 million shares of the company for EGP 454.949 million
Qorra stated in its disclosure sent to the Egyptian Exchange (EGX) during today's trading sessions that the CEO sold 184.518 million shares of the company for EGP 454.949 million.
The average selling price reached EGP 2.466 per share
The average selling price reached EGP 2.466 per share, and Wellzy Brokerage acted as the executing broker for the transaction.
The shares of the shareholder's related groups are distributed as follows: 5% for Heba Mohamed Ayman Kamal El-Din Qorra, 5% for Eman Mohamed Ayman Kamal El-Din Qorra, 2% for Nadia Hussein Zaki, 2% for Ahmed Mohamed Ayman Kamal El-Din Qorra, 0.000639% for Ahmed Wagdy El-Sisi, 0.000415% for Mohamed Medhat Abdel Rahman, and 0.000228% for Samir Mohamed El-Hagrassy.
74.29% is the total stake of the seller and his related parties after the execution of the transaction
According to Qorra's statement, the total stake of the seller and his related parties after the execution of the transaction becomes 74.29%, compared to 82.462% prior to the execution.
