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Tomorrow: listing Vertika shares of capital increase

Tomorrow: listing Vertika shares of capital increase

Arab Finance: The Listing Committee held on Wednesday 13/07/2016 approved listing the issued and paid capital increase of Vertika (VERT) 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.

 The capital increase will be listed on trading session July 14, 2016.

Source: EGX & Finance editor

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