REG - EFG Holding S.A.E. - EFG Holding Record Date

EFG Holding SAEAnnouncement

27/05/2025 11:00

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RNS Number : 2422K  EFG Holding S.A.E.  27 May 2025

EFG Holding S.A.E. (the "Company") is making the following disclosures:

 

·      In light of the resolution adopted by the Ordinary General
Assembly Meeting of the Shareholders of the Company during the meeting held on
24 May 2025, concerning the distribution of a portion of the retained earnings
distributable by the Company, in respect of the financial year ending on 31
December 2024, amounting to EGP 335,322,346 representing EGP 0.2335 per
Company share;

 

·      Whereas, it has been decided that this distribution shall be in
the form of shares in the share capital of the Company's subsidiary, U
Consumer Finance S.A.E., known under the trademark "Valu" ("U Consumer
Finance"), in lieu of a cash dividend distribution, representing 20.488% of
the share capital of U Consumer Finance (Valu), for the purposes of trading
the shares of U Consumer Finance (Valu) on the Egyptian Exchange (EGX).

 

·      Whereas, it has been decided that this distribution shall be
based on the book value per share of U Consumer Finance (Valu), amounting to
EGP 0.777 per share, according to the consolidated financial statements of U
Consumer Finance (Valu) for the financial year ending on 31 December 2024,
noting that the book value per share of U Consumer Finance (Valu) has been
determined based on the number of shares at the commencement of trading, in
light of the stock split of U Consumer Finance (Valu) based on the resolutions
of its Extraordinary General Assembly Meeting of Shareholders held on 16
February 2025, and the increase of its issued capital pursuant to the
resolutions of its Extraordinary General Assembly Meeting of Shareholders held
on 18 May 2025, such that the total number of shares - after completion the
capital increase procedures - amounts to 2,106,356,523 shares of a par value
of EGP 0.10 per share;

 

·      It is determined that the Record Date is set on 12 June 2025, for
the owners of shares of the Company and the purchasers of shares of the
Company, as of the end of the trading session held on Thursday, 12 June 2025;
and

 

·      Such that each holder of 3.3273 Company shares, as of the Record
Date, will be entitled to 1 U Consumer Finance (Valu) share (with fractional
shares allocated to minority shareholders) *.

 

 

* Being the equivalent of 0.3005 U Consumer Finance (Valu) share for each 1
Company share (with fractional shares allocated to minority shareholders).

 

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