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EGX oks listing shares of Rameda Pharmaceutical's capital increase

EGX oks listing shares of Rameda Pharmaceutical's capital increase

ArabFinance: Egyptian Stock Exchange's (EGX) Listing Committee approved listing the capital increase shares, 125  million shares, of Rameda Pharmaceutical (RMDA) that financed in cash without applying priority rights.

The EGX added the capital increase shares will be listed on its database starting the trading session on Monday, Dec. 09, 2019. Moreover, the total company shares reach 768,600,000 shares.

It is worth mentioning the company has intended to increase capital from EGP 160,900,000 to EGP 192,150,000 with an increase amounting to EGP 31,250,000. It will issue 125 million shares with a par value of EGP 0.25 and premium issue EGP 4.41 per share. 

 

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