REG - EFG-Hermes Holdings - BOD Summary Of Resolutions

EFG Holding SAEAnnouncement

14/02/2022 07:00

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RNS Number : 5060B  EFG-Hermes Holdings SAE  13 February 2022

 

 

 

 

Summary of Resolutions for the Board of Directors Meeting Held on 10/02/2022

 

 

 

 

Cairo, February 13(th), 2022: EFG Hermes S.A.E. Board of Directors convened
on Thursday 10/02/2022 at 3:30 p.m. (CLT), and:

 

The Board of Directors (the "Board") of EFG Hermes Holding S.A.E. ("EFG
Hermes" or the "Company") met to discuss the non-binding offer ("NBO")
submitted by First Abu Dhabi Bank ("FAB") to launch a Mandatory Tender Offer
for a minimum of 51% of the share capital of the Company in accordance with
the Capital Market Law and its executive regulations.

The Board decided to proceed with appointing an international financial
adviser and an Egyptian law firm to advise the Company on this potential
transaction.

All developments in connection with this potential transaction will be
promptly disclosed to the market.

 

 

 

 

 

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

 

Head of Investor Relations - Hanzada Nessim

Email: hnessim@efg-hermes.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

www.efg-hermes.com

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