The Listing Committee of the Egyptian Exchange (EGX), held on 23/10/2014, has approved the listing of Nile Sugar Company shares.
The company’s issued capital amounts to EGP 904,209,600, divided into 904,209,600 shares at a par value of EGP 1 per share.
Shares of the company will be added to EGX database as of start of trading on Sunday, October 26. Shares of the company should not be traded till it fulfills all the commitments submitted to EGX by its chairman according to the listing rules , including the conditions stated in items (1&2 and 3) of the article (No.7) of the listing rules within 6 months grace period starting from the listing date , specially the placement prospectus for at least 10% of the company’s shares or submitting the related disclosure report upon the norm approved by EFSA , together with a study for the fair value of the company’s share prepared by an independent financial consultant , the related approve from EFSA to be attached with , all to be re-submitted to the listing committee for approval .
In case the issuer company did not conform to the above-mentioned commitments, listing the share of the company should be considered as if it never took place. Such a placement prospectus for at least 10% of the company’s shares or the related disclosure report should not be published till the company fulfills conditions stated in item (No.7) of the article (No.7) of the listing rules concerning the percentage to be frozen of the company’s shares, the company should also fulfill the norm of its activities , previous activities, organizational Structure, corporate governance policies according to item No.8 of the article No.7 of the listing rules and the article No. 13 of the executive regulation of the listing rules.