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EGX executes Rameda Pharmaceutical's IPO, sets date of start trading

EGX executes Rameda Pharmaceutical's IPO, sets date of start trading

ArabFinance: Egyptian Stock Exchange (EGX) announced the execution of public offering and private placement of Rameda Pharmaceutical (RMDA) on Sunday, December 08, 2019, for 376,606,000 shares, representing 48.99% of the company's share capital.

The price of the share amounts to EGP 4.66 with a total amount of EGP 1,754,983,960.

EGX executed offering 1,754,983,960 shares for public offering, representing 2.45% of a total company's share capital, worth EGP 87,749,198, as well as 357,775,700 shares for private placement, representing 46.54% of of total capital, worth EGP 1,667,234,762.

Moreover, the EGX announced that Wednesday, December 11, 2019, is a start of trading on the company share without abiding by the price limits or temporary trading halt mechanism during this session only. The opening price (reference rate) of the Dec-11 trading session will be EGP 4.66.

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