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Future Care Offers Full Coverage for Capital Increase
Future Care Medical Industries announced full coverage of its capital increase by 100%. The first phase was covered at approximately 98.77%, with funding of about 56.79 million Egyptian pounds through 56.79 million shares. The second phase saw an oversubscription of around 327.87 million shares valued at approximately 331.15 million Egyptian pounds, with a coverage ratio of about 466.76 times and an allocation rate of 0.21428%. As a result, all of the shares allocated for the capital increase—totaling 57.5 million shares—were fully subscribed.
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