Capital Market Authority Chairman, Dr. Hani Sarrei El Din issued a decision on defining the fees for reviewing and studying tender offers and applications for offering securities in public subscription or private placement. The decision stipulates that the CMA would charge fees for services of examining documents of purchasing bids as per provisions of Chapter Twelve of the Executive Regulations of the Capital Market Law no. 95/1992. The fees shall be 0.5 in a thousand of the cash value of the tender offer and shall be settled according to the value of the transaction. In case of a share swap, the percentage shall be calculated according the value of the swapped shared at company targeted with the offer.
The CMA shall also charge fees of services for reviewing documents of offering securities in public subscription at the primary market or public offering at the secondary market. The fees shall be 0.5 in thousand of the value of the offered securities. For examining documents of offering securities in private placement the CMA shall charge 0.25 in a thousand from the value of the offered securities. The fees in both cases shall be settled as per the value of the executed transaction.
The decision also requires that final settlement of the aforementioned fees shall take place after finishing the transaction execution by Misr Clearance, Depository and Central Registry (MCDR) and in accordance with related CMA instructions.
To view the related decision (Click Here-Only Available in Arabic)

