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Jun 12 2012

REG - EFG-Hermes Holdings - Clarification HRHO.CA

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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 
 

© Copyright Zawya. All Rights Reserved.


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