EGX changes price limits of Speed Medical rights issue

The limit down is by 6.66%

ArabFinance: The Egyptian Exchange (EGX) set the limit up of Speed Medical’s (SPMD) rights issue by 6.66% at EGP 1.078 for the October 18th trading session, according to EGX’s disclosure.

The limit down is by 6.66% at EGP 0.824.

The company will raise its issued capital by EGP 150,501,276 from EGP 71,327,619 to EGP 221,828,895. The increased value will be distributed over 752,506,380 shares at par value of EGP 0.20 per each as well as issuance outlays of EGP 0.05.

Speed Medical is an Egypt-based medical laboratory operator. The company is engaged in establishing, operating, and managing diagnostic laboratories, clinics, and hospitals.

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