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Dec 22: listing Genial Tours shares of capital increase

Dec 22: listing Genial Tours shares of capital increase

Arab Finance: The Listing Committee held on Wednesday, December 7 approved listing the issued and paid capital increase of Genial Tours company (GETO) to LE4,749,647 from LE3 million, with increase amounting to LE1.749 million, at a nominal value of LE1 per share (through the distribution of 1.749 million shares).

The capital hike will be financed from delayed profits as well as profits of 2015, through the distribution of 0.58 free stock for every existing one held.

The capital increase will be through the distribution of 0.583215666 free stock for every existing one held before increasing capital to the shareholders as of record on Wednesday, December 21, 2016.

Shares will be available for trading effectively on Thursday, December 22, 2016, trading session.

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