Cairo – Mubasher: Domty’s extraordinary general meeting gave the green light to converting 33% of shareholders’ equity into global depositary receipts (GDRs), said the company in a bourse filing.
Earlier, Domty offered a total of 110.25 million shares in a private placement to institutions and 12.25 million shares in an initial public offering, totaling 49% of its capital.
With a cut-off price at EGP 9.20 a share, both private and public placements were covered by 5.5 times and 10.72 times respectively. .
On 25 May, Domty received regulatory nod for raising its capital by EGP 6.5 million to EGP 56.52 million from EGP 50 million.
