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EGX's listing committee approves listing Acrow Misr capital hike shares

EGX's listing committee approves listing Acrow Misr capital hike shares

Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on July 10 approved listing the issued capital increase of Acrow Misr (ACRO).

The firm will increase the issued and paid capital to EGP 550.5 million from EGP 330.328 million, with an increase amounting to EGP 220.28 million.

The hike will be through issuing 0.6666666666 bonus share for every one share. It will be distributed over 22.02 million shares at EGP 10 per share.

Shareholders of record are entitled to the distribution until the end of July 24 session.

The company's 55.05 million shares will be listed after the capital increase on EGX's database with determining a reference price for company shares as of July 25, 2019.

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