8th Jan 2009 07:43
LETTER TO: RNS
EFG-Hermes announces the Transfer of 3,878,640 GDRs (equivalent of 7,757,280 shares) from the balance of Treasury Shares to the EFG-Hermes Employee Trust Fund
EFG-Hermes Holding Company has transferred a total of 3,878,640 GDRs (the equivalent of 7,757,280 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 transferred represents the full amount allowed for the fiscal year 2009.
From: Dina Al-Sonbaty (Executive Director Corporate Strategy and Investor Relations)
Related Shares:
Efg-hold.gdr S