REG - EZZ Steel Company - Resolutions of EGM on 18/1/2025

Ezz Steel Co SAEAnnouncement

20/01/2025 07:00

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RNS Number : 8590T  EZZ Steel Company - S.A.E.  19 January 2025

 

 

EZZ Steel Company - S.A.E.

Cairo, 18 January 2025 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD)

The resolutions of the Company's Extraordinary General Assembly meeting held
on 18 January 2025 are as follows:

1-   Approving for Ezz Steel to issue guarantees in favor of its
subsidiaries, sister and related companies, up to a maximum of USD 500 million
(five hundred million US Dollars) or the equivalent in Egyptian pounds. These
guarantees shall be in the favor of banks, finance and leasing companies
inside and/or outside Egypt, to comply with terms, conditions and undertakings
required for these companies to obtain loans and facilities; the previous
approvals to issue guarantees will continue to prevail.

2-   Approving the authorization of Mr. Hassan Nouh, Chairman and Managing
Director, or whoever he delegates, to sign the guarantees contracts, all
documents related to them, and the undertakings of the guarantor, Ezz Steel
Company, their appendices and amendments, including approving arbitration
clauses if any.

 

 

 

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