Mubasher TV
Contact Us Advertising   العربية

Listing The Shares Of Banque Du Caire (BQDC.CA)

BDC BQDC 0.00% 0.00 0.00
The Listing Committee held on 08/02/2017 has approved to list the shares of Banque Du Caire.
The bank’s issued capital is LE 2.25 billion, distributed over 562.5 million shares at a par value of LE 4 per share, in the Egyptian Securities Board- Stocks.
According to the Listing Rules set by EFSA Board of Directors’ resolution no. (11) dated 22/1/2014 and its amendments specially Article no. (1) Bis.

Shares of the bank will be added to EGX database after receiving MCDR's approval for the bank's capital increase up to LE 2.25 billion.

Taking into consideration that the shares of the bank will not be traded till it fulfills 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, according to the commitments submitted to EGX, specially the offering prospectus or the related disclosure report upon the norm approved by EFSA together with a study for the fair value of the bank’s share prepared by an independent financial consultant, the related No Objection Certificate “NOC” from EFSA to be attached with, all to be re-submitted to the Listing Committee for approval before publishing in two daily wide spreading newspapers.

The bank should also fulfills the following:-

- The required amendments on the norm of its activities, previous activities, organizational structure, corporate governance policies according to the Article no. 13 of the Executive Regulations of the Listing Rules.
During such a grace period, trading on the shares of the Bank should not be carried out for any reason except for the fulfillment of the above-mentioned reasons.
In case the bank did not conform to the above-mentioned commitments, listing the share of the bank should be considered as if it never took place.
- Submitting the required approval of MCDR for the bank's capital increase up to LE 2.25 billion, before proceeding the offering of its shares, finalizing listing procedures in EGX Boards.
- Submitting the listing contract, signed by the bank’s legal representative.
- Submitting the required norms attached to its listing request, the offering plane according to article #18 of the listing rules.
- The approval of GAFA Chairman that required before trading the share of the bank in EGX, according to Article no. 17 of the law no. 159 of the year 1981, Article no. 20 of the Executive Regulations of the Listing Rules, Article no. 2 of the Executive Regulations of the decree-law no. 14 of the year 2012, in accordance with its last amendment, as the bank has branches in Sinai peninsula.
- A certificate from the bank's auditors demonstrates the historical progress of the bank's issued capital.
- A recent extract of the bank's commercial register demonstrates the detailed purpose of the bank according to its statute.

Comments