(2017-03-28) FSA ratifies 2nd phase of Iron & Steel subscription
Egyptian Financial Supervisory Authority (EFSA) approved Egyptian Iron & Steel (IRON) to call existing shareholders to subscribe on the remaining shares amounting to 8,064,895 shares at a nominal value of LE2 per share in addition to LE0.05 issuance fees, Iron & Steel stated in a release sent to EGX. It is worth mentioning that coverage of the first phase of capital increase subscription reached 98.35%. It is worth mentioning; FSA ratified 2nd phase of Iron & Steel subscription for five working days starting April 2 and ending April 6.