عربــى

EGX 30 14,626.86 -0.29%



EGX decides to move Export Development Bank's share price downwards 14.98%

EGX decides to move Export Development Bank's share price downwards 14.98%

Arab Finance: Egyptian Stock Exchange (EGX) decided to move the share price of Export Development Bank (EXPA)  downward about 14.98%, while the interim suspending limit will be about 10.25% of the closing price ending a November-04 session, due to the cash dividends value is higher than the suspending limits.

EGX's price movement will be from the first session that the stock is being traded without the right issue until the next session that records a new closing price.

The Company declared a cash dividend of LE0.50 per share payable on November 07, 2018, moreover, the shareholders as on November 04, 2018, are entitled to cash dividends distribution.

Under EGX's chairman resolution, No. 301 of 2017, regarding the cash dividends' impact on the market price of the stock, stipulating the suspending limit and the limits of price downwards will be calculated on the theoretical price - the last closing price minus the distribution value - as the price limits and suspending limit upwards will be unchanged, due to the distribution value is greater than the applied price limit.

All rights reserved to Arab Finance 2015 ©

Back to top