Rana Mamdouh _ Qorra Energy Projects and Investments announced that Chief Executive Officer Mohamed Ayman Kamal El-Din Qorra has reduced his stake in the company's capital from 60.26% to 51.26%.
Sold 202.578 Million Shares of the Company for EGP 409.311 Million
Qorra stated in its disclosure sent to the Egyptian Exchange (EGX) during today's trading session that the CEO sold 202.578 million shares of the company for EGP 409.311 million.
Average Selling Price Reached EGP 2.0211 Per Share
The average selling price reached EGP 2.0211 per share, and Welzy for Securities Brokerage acted as the executing broker for the transaction.
The shareholding percentages of the groups related to the shareholder 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.
65.26% Total Stake of the Seller and Related Parties Post-Transaction
According to Qorra's disclosure, the total stake of the seller and its related parties after the execution of the transaction becomes 65.26%, compared to 74.26% prior to execution.
