Sigma Capital

31-07-2025

Listing the Shares of Hassan Allam Investment Capital (SPAC) (temporary listing) (HAVC.CA) (Main Market)

Source: EGX

The listing committee held on 30/07/2025 has approved the following:
• Listing the shares of Hassan Allam Investment Capital (temporary listing) a company with a Special Purpose acquisition Company (SPAC) with an issued capital of EGP 10 million distributed over 10 million shares with a nominal value of EGP 1.00 per share represented in one issuance in the Egyptian Securities Listing Board (Shares) – “Main Market”, in accordance with Articles (6), (7 bis), and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
• Shares of the company should not be traded during the three-month period from the date of temporary listing until the fulfillment of conditions (1, 2, 3, 4) of Article (7 bis) after the listing of the shares of the capital increase , except with the approval of the FRA. The temporary Listing shall be considered as if it did not exists in case that the company does not meet the conditions referred to above within three months from the date of listing , the said deadline may be extended with the approval of (FRA) in cases that deem appropriate based on the justifications and time plan that submitted by the company.
• In all cases, the companys shares shall be traded at the nominal value during the period from the date of listing until the publication of the disclosure report in accordance with Article (138) of the executive regulation of Law No. 159 of 1981 or until the company issues financial statements for a period of not less than (12) months.
• After publishing the aforementioned disclosure report, the company’s shares may be traded at the subscription price if the company increases its capital through a cash increase at a fair value determined by an independent financial advisor registered with the Authority, taking into account setting aside the issuance premium in a special reserve account following the completion of the acquisition and the increase in its capital as a result.
• The company’s shares shall be added on the EGX’s database under the sector of "Non-Banking Financial Services” as of Thursday 31/07/2025 trading session.

Furthermore that the company is committed to the following: -

• Increasing its issued capital in cash to one hundred million pounds (at least) or its equivalent in foreign currencies within three months from the date of listing its shares on the stock exchange,

• Provided that the shares of such capital increase are offered in a private subscription to qualified investors or financial institutions according to the definition stated in the Authority’s Board of Directors Resolution No. 177 of 2024, and in accordance with Clauses (1, 4, 3, 2) of Article 7 bis of the Listing Rules, and present the draft acquisition decision including all details related to the activity of the company or companies targeted for acquisition to the company’s extraordinary general assembly within six months from the date of listing the company’s shares on the stock exchange, in implementation of the provisions of Clauses Nos. (6, 7, 8) of Article No. (7 bis) of the Securities Listing and Delisting Rules.

• Trading in the company’s shares shall be available to all stock exchange dealers, provided that the company meets all the conditions stipulated in Article (7 bis 1) of the Securities Listing and Delisting Rules.