Jun 12 2012 |
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REG - EFG-Hermes Holdings - Clarification HRHO.CA
. For best results when printing this announcement, please click on the link below: RNS Number : 1874F EFG-Hermes Holdings SAE 12 June 2012 EFG Hermes Holding Clarification EFG Hermes Holding "the Company" would like to clarify that the strategic alliance agreement concluded with "QInvest" does not include a penalty clause in the event of termination. However, like any contract, if a party terminates the contract this could lead the other party to file claims for breaching the contract. And with EFG Hermes General Assembly granting its approval on the strategic alliance with QInvest , the agreement becomes binding. Additionally, the company would like to indicate that the above does not prevent any party from submitting an offer to the Egyptian Financial Supervisory Authority (EFSA) to buy out EFG Hermes Holding shares. Investor Relations Contacts Tel: +20 (0)2 35356710 Fax: +20 (0)2 3535 7017 Email: investor-relations@efg-hermes.com This information is provided by RNS The company news service from the London Stock Exchange
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