Investor Presentaiton
Transaction Summary
Issuer
Ticker (EGX/LSE)
Selling Shareholders
Edita Food Industries S.A.E. ("Edita" or the "Company")
EFID.CA/EFID
Africa Samba B.V. ("Actis"), Exoder Limited ("Chipita")
edita
Share Price Range
EGP 16.80-18.501
Offering Size
Primary/Secondary Split
Distribution
Securities / Listing
Lock-up Period
Joint Global Co-ordinators
and Bookrunners
Timeline
Total offer size of up to 30% of the Company's share capital (10% of the base deal size allocated to stabilisation fundĀ²)
Retail tranche: 15% of IPO
100% Secondary / no proceeds to the Company
International offering of shares and GDRs:
Offering to institutional investors outside the U.S. under Reg S
In the U.S. under rule 144A to Qualified Institutional Buyers ("QIBS")
Domestic offering in Egypt
Ordinary shares on the Egyptian Stock Exchange (EGX)
Global Depositary Receipts (GDRs) on the London Stock Exchange (LSE)
180 days for the Company
1 year for the Selling Shareholders and Berco Limited
Additionally, the Selling Shareholders and a portion of Berco Limited's shares amounting to 51% of the Company's
shares will be subject to a 2 year lock-up imposed by the EGX, which is expected to expire on 1 April 2017
EFG Hermes Promoting & Underwriting, Goldman Sachs International
16-26 March: Bookbuilding
15 31 March: Retail subscription period
-
27 March: Expected pricing (institutional offering)
2 April: Expected commencement of trading of both ordinary shares on EGX and GDRs on the LSE
1. GDR price to be based on the latest US$/EGP auction price as published on the CBE website.
2. Stabilisation will be in ordinary shares only.
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