Hermes Shareholders To Discuss QInvest Partnership, EGP 4/Share Dividend Sept 16th

By Yomna Yasser On Aug 30, 2012

The board of EFG-Hermes Holding (HRHO.CA) invited shareholders to attend an extraordinary general meeting on Sunday, 16/09/2012.
Shareholders will discuss the board’s report on strategic partnership with Qatari QInvest . They will also look into the fair value report by Grant Thornton, as regards defining fair values of the companies subject to the partnership.

The meeting will be discuss selling Hermes’ brokerage stake to EFG-Hermes Qatar for $250 million.

A dividend plan at EGP 4 per share will also be discussed in the meeting, taking into consideration the relevant stock split or treasury shares repurchase.
The company’s shareholders will further discuss waiving trade mark EFG-Hermes to Hermes Qatar and other relevant activities.

Source: Mubasher