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Allowing the National Co For Maize Products )NCMP.CA) to Go through the Procedures of the Voluntary De-listing

National Co for Maize Products NCMP 0.00% 10.00 0.00
The Listing Committee held on 10/07/2019 has approved to allow the National Co. For Maize Products , to go through the procedures of the voluntary de-listing , where its listed capital amounted to EGP 295,126,380 million distributed over 29,512,638 shares, with par value of EGP 10 per share, after purchasing shares of the protested, aggrieved shareholders, in consideration of the free float percentage 2.85208% of the company's issued shares and its 798 total number of shareholders , referring to the statement received from "MCDR" , dated 02/07/2019 , where the related transactions should be carried out before removing the listing data of the company from EGX database, according to article no. (55) , of the listing rules, article no. (74) of its Executive Regulation, concerning the voluntary de-listing. worth mentioning that trading on the company's shares has been suspended as of the beginning of 03/07/2019 trading session , such share purchase will be based on the fair value of the share of LE 61.69, in accordance with the extraordinary general assembly resolution held on 31/3/2019. The company should also publish a related announcement in two widespread dailies including the details of such purchasing procedures, according to the aforementioned voluntary de-listing rules and regulations. The final de-listing of the company’s shares shall be brought before the Listing Committee upon carrying out the related transactions of purchasing shares of the protested and aggrieved shareholders.

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