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UNB-Egypt's shares removed from EGX's database

UNB-Egypt's shares removed from EGX's database

ArabFinance: The Egyptian Stock Exchange’s (EGX) listing committee approved the voluntary delisting of the Union National Bank – Egypt (UNBE) with issued capital amounting to EGP 1,474,814,252, abiding by EGX’s delisting provisions.

The bank’s issued capital is distributed over 263,359,688 shares at par value of EGP 5.6 per share.

On March 22nd, the bank bought back its shares from shareholders who have been affected by delisting in the OPR market. The bank purchased 8,035,121 shares, representing 91.79% of the floated shares, at a price of EGP 9.92 per share, with total value amounted to EGP 79,707,4085.

The bank’s data will be removed from EGX’s database by the end of the trading session on March 25th.

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