London Stock Exchange Hosts First Egypt Capital Markets Day
The London Stock Exchange announced today that it is hosting the first Egypt Capital Markets Day at its offices in Paternoster Square, London, on Thursday November 27 and Friday November 28.
The event, held in association with EFG-Hermes and supported by the Egyptian Exchange, will enable members of the London-based and international investment community to meet with senior representatives of 11 Egyptian companies participating in the event. The event will also feature a keynote address by Egypt’s Minister of Investment, Dr. Mahmoud Mohieldin, who will open the London Stock Exchange’s markets on the day.
Unprecedented investor interest has seen the traditional Capital Markets Day format extended to two days, to accommodate over 200 meetings between the 11 Egyptian companies in attendance and existing and potential institutional investors.
Speaking ahead of the event, Massimo Capuano, Deputy Chief Executive of London Stock Exchange Group, said
“We are delighted to be hosting our first Egypt Capital Markets Day. As a member of the International Advisory Committee of the Egyptian Exchange I have seen the unique investment opportunities Egypt presents first-hand. I am delighted that the London Stock Exchange is able to facilitate over 200 individual investor meetings between some of Egypt’s leading companies and London’s unrivalled pool of international investors”.
Five of the firms attending the event are quoted on the London Stock Exchange’s markets. London continues to be the international market of choice for ambitious Egyptian companies looking to access an unrivalled pool of global investment capital and use the liquidity and international profile of a London listing to expand their businesses globally.
There are currently a total of 10 Egyptian companies on the London Stock Exchange’s markets, with a combined market cap of £2.4 billion. In total Egyptian companies have raised over £800 million through listings on the London Stock Exchange. Trading in the secondary market also remains strong, with over $15 billion worth of trading in Egyptian securities on the Exchange’s International Order Book so far this year, a 13 % increase on the same period last year.
For further information please contact:
Alastair Fairbrother Press Office +44 (0)20 7797 1222
Notes to editors:
The eleven Egyptian companies attending the event are:
Commercial International Bank *
EFG Hermes *
El Sewedy Cables
Ezz Steel *
Orascom Construction Industries *
Talaat Mostafa Group
Telecom Egypt *
* = Secondary listed DRs traded on the London Stock Exchange
About the London Stock Exchange’s Capital Markets Days:
The London Stock Exchange’s Capital Markets Days facilitate face-to-face, scheduled dialogue between companies and institutional investors.
Capital Markets Days:
· bring together select groups of companies and relevant institutional investors for meetings grouped around sectors, topics or geographical regions
· are an effective way for companies to seek new investors, broaden their shareholder base and communicate their investment story
· take place in the Exchange’s Media & Business Complex.
About Massimo Capuano:
Massimo Capuano is Deputy Chief Executive of the London Stock Exchange Group, Chief Executive of Borsa Italiana S.p.A., Chairman of Servizio Titoli, Chairman of MBE Holding and Vice-Chairman of Promac S.p.A. He has also been a member of the International Advisory Committee of Cairo Alessandria Stock Exchange since September 2006.
In addition, Massimo Capuano currently holds the position of Chairman of BIt Systems and is a member of the Supervisory Board at MTS. He is Vice-Chairman of CC&G and Monte Titoli. He is a Member of the Board of the Federation of European Securities Exchanges (for the year 2007-2008) and was President of this organisation for the years 2004-2006. He was also Chairman of the World Federation of Exchanges for the year 2007 – 2008.
About London Stock Exchange Group:
London Stock Exchange Group is Europe's leading diversified exchange business. It operates Europe's largest and most liquid equity market, holds the number one position in trading ETFs and securitised derivatives, and through its interest in MTS, is the leading platform for the trading of fixed income products.
The London Stock Exchange itself is the world's most international exchange with over 700 overseas companies from over 70 countries on its markets. It has consolidated this position in the last two calendar years, having attracted 202 international companies which raised nearly £30 billion between them. These figures include international companies on AIM, the London Stock Exchange's growth market, which has grown to become the world's most successful market for small and medium sized enterprises with close to 1700 companies at the end of 2007.
Following its merger with Borsa Italiana in 2007, London Stock Exchange Group also now offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis, and a comprehensive range of European bond trading services through MTS.