17 January 2008

Egyptian Electrical Cables reinitiates rights issue

Egyptian Electrical Cables (ELEC.CA) is inviting its shareholders to subscribe to the unsubscribed portion of it capital increase which amounts to 50,689,778 shares, representing 20 % of the capital increase shares, offered at LE 1.02 per share.
Subscription will start as of 24/01/2008 and end as of 30/01/2008. Shareholders owning the shares as of 29/11/2007 have the right to participate in the rights issue without restricting to their stakes’ percentages.