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Approving the Final Voluntary Deli-sting for Nile Cotton Ginning Co. (NCGC.CA)

Nile Cotton Ginning NCGC 0.00% 50.00 0.00
The Listing Committee held on 09/06/2021 has approved the Final de-listing for the shares of Nile Cotton Ginning Co., in light of the provisions of voluntary delisting, according to Article (55) of the listing rules, and Article (74) of the interpreted executive procedures thereof, and their amendments. with its issued and listed capital of EGP 264,962,500 distributed over 52,992,500 shares with a nominal value of EGP 5 per share (represented by 13 issues) to be delisted from the schedule of the Egyptian securities "shares". The company's shares has been removed from the stock exchange database as of the end of the trading session on Thursday 10/06/2021. As of the day following the issuance of the decision of the final delisting for the company’s shares from the Egyptian Exchange’s schedule, the company's shares are dealt with the transfer of ownership system (Over the Counter). It is also allowed to deal on the company’s shares through the system of special deals (OPR) till 02/08/2021 , to complete the purchase of the remaining shares of the small shareholders who were unable to apply for sale during the previous period at the same purchase offer price of 50 pounds per share , according to the letter received to the Egyptian Exchange on 6/6/2021 , signed by the managing director of Egy Trend Securities Brokerage Company, which represents the buying party (Imex International).

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