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EGX approves optional delisting of Global Telecom

EGX approves optional delisting of Global Telecom

ArabFinance: The listing committee held on August 27, approved Global Telecom (GTHE) to conduct the procedures of optional delisting according to article number 55 from listing rules.

The company’s issued capital is EGP 2.7 billion, distributed over 4.7 billion shares at a nominal value of EGP 0.58 per share.

The EGX will stop trading of the Company’s shares on the open market as of August 28th session.

The company has to buy back the shares of all shareholders and those affected by the delisting willing to sell their shares to the company at EGP 5.08 per share.

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