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00:00 Although the purchase of the currency will be done with the US dollar,
00:06 there is a mechanism for the shareholder to buy the currency.
00:10 The shareholder has the right to participate.
00:13 The shareholder buys the currency on May 27th,
00:17 this is the date that was specified.
00:19 After the date is extended from 7 to 27.
00:21 Exactly, the shareholder buys the currency on May 27th.
00:24 As Mr. Yasin said, the date was already 7 and extended to 27.
00:30 Before the start of the session on Sunday, June 2,
00:33 the money in Egyptian pounds will be published on the stock exchange's screens.
00:38 The shareholder who had a stake on the 27th,
00:42 will have the right to participate in the purchase of the currency
00:47 in accordance with his right.
00:50 This will be the first phase on June 2, 3, 4, and 5.
00:56 The shareholder who wants to participate will participate through his shareholder.
01:02 I hope and expect that there will be a large share of participants.
01:06 How much money will be collected?
01:08 I must point out that if I collected all $28 million and transferred it to the investors,
01:16 I think most of the money will be collected in the first phase.
01:19 But, due to the large number of participants,
01:22 there will always be a part that is not covered.
01:24 This part will be exposed on June 1,
01:29 because we have a time schedule,
01:32 we must finish collecting the money and transfer it to the investors.
01:35 It will be exposed on the second day.
01:37 For the main participants only or for all participants?
01:39 For all participants.
01:40 This is an amendment that has been made.
01:42 As a shareholder, we were committed to cover any amount that was not covered.
01:48 On the 10th, we will have covered the amount that was collected.
01:53 It will be transferred to the US dollar and to the foreign exchange,
01:56 so that this process will end.
01:57 This is the first phase of the process.
01:59 Let's go back to the previous situation.
02:01 On May 30, there will be a general meeting.
02:04 What does this mean for the capital partners
02:07 not to vote for the shares that are owned,
02:09 whether they are normal or excellent shares?
02:11 We want the vote in this meeting not to depend on the main shareholder
02:16 or the capital partners.
02:18 It is the main shareholder who decides.
02:20 It is the majority of the participants who vote for the shares.
02:27 This is the goal and what will be achieved.
02:30 This is what happens in the interest of the company and all the shareholders.
02:33 This is the first phase.
02:35 When do you expect to increase the capital?
02:38 This process will take 6 to 8 months,
02:40 but we have extended it to 12 months.
02:42 The first financial rules will be issued to reverse this process.
02:50 Then, I imagine that in September, October, and November of 2024,
02:57 the general meeting will be called to agree on the increase in capital.
03:01 This increase in capital can be done either through a monetary share
03:05 or through a loan.
03:07 The loan that was bought by the shareholders for 240 million dollars
03:13 will be doubled.
03:15 If we consider the price of 48 pounds per dollar,
03:19 the increase in capital will be 11.5 billion pounds,
03:24 which is almost double the capital of the castle.