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Final de-listing for the shares of Union National Bank - Egypt "UNB-E"

Abu Dhabi Commercial Bank - Egypt UNBE -4.89% 3.50 -0.18
The Listing Committee held on 25/03/2020 has approved the final delisting for the shares of Union National Bank - Egypt "UNB-E", in light of the Bank's commitment to the provisions of the voultray de-listing , with its issued capital of EGP 1,474,814,252.8 distributed over 263,359,688 shares with a par value of EGP 5.6 per share (represented in 14 issues). This final delisting comes after the execution of the purchase transaction on 22/03/2020 for the shares of the shareholders aggrieved and protested by the voluntary delisting in accordance with the provisions mentioned in Article (55) and Article (55) bis of the listing rules and Article (74) of its executive procedures. knowing that the executed amount were 8,035,121 shares at a price of EGP 9.92 with a total value of EGP 79,707,408 , where the ratio of the executed amount to the total shares of the bank was 3.05 % that represented 91.79 % of the free-float shares, and the number of shareholders deposited in the central depository was 946 shareholders. In accordance with the decision of the Extraordinary General Assembly held on 06/11/2019 regarding the voluntary delisting, the bank is obligated to purchase the shares of the aggrieved shareholders and others at the fair value of the share of EGP 9.92 through the Special Operations Market "OPR" - Unlisted securities, at regular intervals , Provided that the operations that were recorded shall be carried out every Thursday in weekly basis, for a period of 6 months starting from 24/02/2020, which is the date for the ratification of the aforementioned extraordinary general assembly minutes. This is in accordance with the letter received by the e-mail dated 23/03/2020 from the Prime Securities, which represents the buyer party , and the letter received from the Union National Bank - Egypt on 24/03/2020. The Bank’s data will be removed from the stock exchange database, as of the end of the trading session of Wednesday 25/03/2020, where the shares of the bank shall be traded through the “OPR” market for a period of six months ending in 24/08/2020 , then the case of the bank will be brought to the listing committee by the end of this period.

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