REG - EFG Holding S.A.E. - U Dividend Distribution: GDR Status

EFG Holding SAEAnnouncement

27/05/2025 07:00

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RNS Number : 0944K  EFG Holding S.A.E.  27 May 2025

Not for distribution in or into, or to any person located or resident in, any
jurisdiction where it is unlawful to distribute this announcement.

 

This announcement is not a prospectus and not an offer of securities for sale
or subscription in any jurisdiction, including in or into the United States of
America, Canada, Japan, South Africa, the United Arab Emirates or Australia.

 

U Consumer Finance Dividend Distribution:

Status of Global Depository Receipts

 

Cairo (27/05/2025) - EFG Holding S.A.E., (EGX: HRHO.CA - LSE: EFGD), an
Egyptian joint stock company (the "Company"), hereby makes the following
announcements:

 

·    At its ordinary general assembly meeting (OGM) of shareholders held
on 24 May 2025 (the "OGM"), the shareholders of the Company approved, inter
alia, the distribution of dividends in the form of shares in U Consumer
Finance S.A.E. (an indirect subsidiary of the Company) ("U") in preparation
for U's trading on the Egyptian Exchange ("EGX") following the completion of
U's  registration with the Egyptian Financial Regulatory Authority ("FRA"),
and approval of the disclosure report for trading purposes by the FRA (the "U
Shares Distribution").

 

·    The resolutions put to the shareholders were duly passed at the OGM.
The resolutions can be found in the Summary of Resolutions (translated from
Arabic) announced on LSE on or about the date hereof.

 

·    The U shares have not been and will not be registered under the U.S.
Securities Act of 1933, as amended.  Consequently, no U shares will be
distributed by the Company to the holders of the Company's Global Depository
Receipts ("GDRs").

 

·    Following approval of the disclosure report for trading purposes by
the FRA and the commencement of trading, the Bank of New York Mellon ("BNY
Mellon"), as the depositary under the Company's GDR program, will attempt to
sell on EGX any U shares it receives in such capacity (based on the record
date for the U Shares Distribution to be announced in due course on EGX
screens). The proceeds received from this sale, if any, will be distributed to
the GDR holders. BNY Mellon will announce the GDR payable date and the cash
distribution rate at a later date.

 
For further information:

 

Head of Investor Relations - Basant Abdel Monsef

Email: babdelmonsef@efghldg.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

 

 

 

Nothing in this announcement is intended to, or constitutes, an offer (or an
intention to make an offer) by any person for shares in U. No shares are being
offered to the public by means of this announcement.

This announcement has not been approved by or filed with the FRA or any other
authorities. Any trading of U shares on EGX is subject to approval of
admission to trading on EGX.

This announcement may contain forward looking statements, estimates, opinions
and projections ("forward-looking statements"). These forward-looking
statements can be identified by the use of forward-looking terminology,
including the terms "believes," "estimates," "anticipates," "expects,"
"intends," "may," "will," "would" or "should," or, in each case, their
negative, or other variations or comparable terminology. These forward-looking
statements include all matters that are not historical facts. Forward-looking
statements are based on the current views, expectations and assumptions of the
Company and involve significant known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Forward-looking statements
should not be read as guarantees of future performance or results and will not
necessarily be accurate indications of whether or not such results will be
achieved. Any forward-looking statements included herein only speak as at the
date of this announcement. We undertake no obligation, and do not expect to
publicly update, or publicly revise, any of the information, forward-looking
statements or the conclusions contained herein or to reflect new events or
circumstances or to correct any inaccuracies which may become apparent
subsequent to the date hereof, whether as a result of new information, future
events or otherwise. We accept no liability whatsoever in respect of the
achievement of such forward-looking statements and assumptions.

 

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