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EGX reviews Vertika capital hike documents

EGX reviews Vertika capital hike documents

Arab Finance: EGX administration announced that Vertika (VERT) has submitted its listing shares documents to increase issued capital from LE 1,176,500 to LE 2,353,000 with increase amounting to LE 1,176,500.

The capital hike will be distributed over 1,176,500 shares at a nominal value of LE1 per share.

The capital increase will be funded in cash by Egyptian Depository Receipts (EDRs) through existing shareholders’ right issue.

EGX added the documents will be reviewed to be presented to the listing committee.


Source: EGX & Arab Finance editor

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