SODIC Completes Selling One Mln Treasury Stocks

Six of October Development & Investment – SODIC (OCDI.CA) announced on Monday that it has completed selling one million treasury stocks (local shares), representing 1.10% of its issued capital.

The company sold last week 247.711 thousand treasury stocks. The maximum price paid for each share sold was EGP 22.2; while the minimum price was EGP 22.

Worth mentioning, SODIC had announced in August that the company plans to sell one million treasury stocks during the period from 30/08/2012 to 17/09/2012.