The Clap
Fawry (FWRY) released its invitation to subscribe to new shares to existing shareholders after getting approval from the FRA, & it includes some key dates & info.
The dates
Investors who own FWRY by April 4, 2022, will be eligible to subscribe to the rights issue at a subscription price of EGP 0.5/right.
Subscription would then begin three days later, on April 7, 2022, & last until May 11, 2022. The rights issue will see Fawry’s total outstanding shares increase from 1,707,304,120 shares to 3,307,304,120 shares. This means that shareholders will get 0.94 rights for every original share they own.
To view the full invite, click here.
