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Beltone Financial Holding's right issue to be traded at EGP 0.42/right

Beltone Financial Holding's right issue to be traded at EGP 0.42/right

ArabFinance: The EGX's operations committee decided that the opening price of Beltone Financial Holding's (BTFH) right at the first trading day is EGP 0.42 per right.

The operations committee stated that the price limits of the right issues will be calculated based on the available price range of the stock move during the trading session.

The stock will be traded away from the right issue, starting 16/12/2019 until 17/12/2019 with the determined closing price of the stock at EGP 30,000.

The right issue will be traded separately from the stock, starting 18/12/2019 until 14/01/2020, with the determined closing price of the right issue and the stock worth EGP 4,026.21 and EGP 23,325.57, respectively.

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