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English news

11-Jul-2016

Cleopatra Hospital Company to proceed with EGP360mn capital increase  

Cleopatra Hospital Company’s (CHC) (CLHO.CA) Board of Directors (BoD) met on 7 July 2016 and approved the disclosure report  and other documents that will be submitted to the EGX to proceed with the company’s EGP360 mn capital increase. The capital increase will be through a closed subscription to Care Healthcare Ltd., CHC’s major shareholder (with 75% ownership), and will be distributed over 40mn shares at EGP9/share (EGP0.5 par value plus EGP8.5 share premium). The decision follows the AGM’S approval that was held on 6 April 2016 and as mentioned in CHC’S prospectus published in May 2016. (Company disclosure)

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