30th Dec 2008 07:33
EFG-Hermes Holding S.A.E Announcement
EFG-Hermes announces it's the Transfer of 7,196,386 GDRs (equivalent of 14,392,772 shares) from the balance of Treasury Shares to the EFG-Hermes Employee Trust fund
EFG-Hermes Holding Company has transferred a totalled of 7,196,386 GDRs (the equivalent of; 14,392,772 local shares) from the balance of treasury shares to the EFG-Hermes Employee Trust Fund.
The transfer comes 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. The amount being transfer represents the full amount allowed for the fiscal year 2008 and the remainder of the amount not transferred to the Trust during the fiscal year 2007.
Related Shares:
Efg-hold.gdr S