Transfer of GDRs

6th Jan 2009 09:23

LETTER TO: RNS

Clarification on Transfer of GDRs to the EFG-Hermes Employee Trust

Further to the announcement by the Egyptian Stock Exchange yesterday that EFG-Hermes Holding Company is selling GDRs, please note that the said transaction pertains to the transfer of the GDRs to the EFG-Hermes Employee Trust in line with EFG-Hermes Holding Company’s General Assembly approval dated 23rd November 2005 approving the transfer of up to 2% of the Company’s shares per annum to the Trust for five years at the average cost of acquisition plus the carry.

From: Dina Al-Sonbaty (Executive Director, Corporate Strategy and Investor Relations)

 

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