UK regulators greenlight Network International’s trading on LSE

UK regulators greenlight Network International’s trading on LSE
Network International’s shares will be traded on the LSE’s main market under the ticker (NETW)
Emirates NBD
EMIRATESNBD
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Dubai – Mubasher: Emirates NBD’s payment processing unit, Network International, announced that its entire issued ordinary share capital of 500 million shares has been admitted to the premium listing segment of the Financial Conduct Authority (FCA) and to be traded on the main market of the London Stock Exchange (LSE).

Network International’s shares will be traded on the LSE’s main market under the ticker (NETW), the company said in a statement on Monday.

On Sunday, the Dubai-based lender confirmed that the Greenshoe option has been exercised to sell 15% of Network International’s offering size from the selling shareholders to Citigroup Global Markets Limited.

Last week, Emirates NBD has confirmed the sale of 127.47 million ordinary shares in Network International, the largest payment-processing firm across the Middle East and Africa.