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Approving the final de-listing of Orange Egypt For Telecommunications (OREG.CA) (Voluntary De-listing)- Main Market

Orange OREG -8.53% 10.89 -0.98
The Listing Committee held on 21/11/2018 has approved the final de-listing for the shares of Orange Egypt For Telecommunications, with its issued capital that amounted to 16,320,723,540 EGP distributed over  1,632,072,354 shares, at a par value of EGP 10 per share (Voluntary de-listing), In the light of the carried out purchase transactions for shares of the protested, aggrieved shareholders on 18/11/2018, according to article no. (55) , no. (55) bis of the listing rules, article no. (74) of its Executive Regulation, concerning the voluntary de-listing. As well as the decision of the listing committee held on 12/6/2018 and the letter of the financial regulatory Authority dated 18/09/2018.
While the purchase transactions carried out for 9,238,040 shares at a price of EGP17.29 per share, and the percentage of the executed amount to the total shares of the company amounted to 0.566%, representing 93.94% of the free float shares.
Shares of the company should be deleted from EGX database, to be traded on the “OTC market” Through the system of automatic acceptance of orders, for three months after which the case of the company should be re-presented to the listing committee.

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