Cairo Poultry Company announced the decision of the ordinary general assembly of the company to approve the decision of the board of directors to accept the final offer submitted by Cairo Three A International Industries Company, owned by businessman Ayman Al-Gamil, to buy a number of 13.7 million shares owned by it in the capital of the Egyptian Starch and Glucose Company at a price Shares of 8.54 pounds, noting that the final offer price submitted by the Financial Supervision Authority was adjusted to align with the average trading price in the last 3 months to 8.61 pounds per share.
The Egyptian Stock Exchange Administration has announced the opening of a special deals market for those wishing to sell their shares to the purchase offer submitted by Cairo ThreeA Industries, to purchase up to 50.1 shares with 100% of the capital of the Egyptian Starch and Glucose Company at 8.61 pounds per share, during a period of 10 Business days start from the trading session on April 26 until the end of the trading session on May 7, to be implemented in the Egyptian Stock Exchange within 5 working days following the end of the validity period of the offer.
The stock exchange called on all brokerage firms to register the sale and purchase orders related to this offer in the relevant market in the stock exchange (OPR), provided that all orders are open-term (OPEN) and also with respect to orders for reserving the registered quantities, and it must be taken into account that no changes should be made to the codes of the sellers that lead To stop it until the deal is fully executed, as brokerage firms have requested a review of their orders through the order follow-up screens of the system before the end of the trading session on May 7 provided that these companies make any changes to their orders before the end of this date and no modifications to the orders data will be allowed after The end of this To date
It also required all brokerage firms and dealers to adhere to all the trading rules in force in the Stock Exchange and to observe the rules of the clearing and settlement process and the rules of operation of the Settlement Guarantee Fund, and adhere to all the conditions mentioned in the announcement.
The main shareholders of the Egyptian Starch and Glucose Company, the Egyptian International Tourism Projects, Cairo Poultry, had agreed to accept the final price provided by Cairo Three A International Industries to buy their shares in the Egyptian company for the manufacture of starch and glucose at a price of 8.54 pounds per share, as we announced Cairo ThreeA Company received a letter issued by the decisions of the Board of Directors of the Competition Protection Authority and the prevention of monopolistic practices regarding the deal, and the procurement company pledged, to include a final offer that will be presented to the Financial Supervision Authority a set of pledges to comply with the provisions of the Protection Law Competition, whether before or after the acquisition is completed
– .
