Allowing Shorouk For Modern Printing & Packaging (SMPP.CA) to Go through the Procedures of the Voluntary De-listing
The Listing Committee held on 17/11/2021 has approved to allow Shorouk For Modern Printing & Packaging, to go through the procedures of the voluntary de-listing , where its listed issued capital that amounted to EGP 131,010,000, divided into 13,101,000 shares, , with par value of EGP 10 per share.
Provided that the issuing company is obligated to buy the shares of those who wish to sell from the shareholders who object to the decision of voluntary delisting, as well as those who did not respond to the purchase offer at a price of 74.50 Egyptian pounds, in accordance with Article (55) of the listing rules and Article (74) of its executive procedures and their amendments, and in implementation of the aforementioned pledge In the purchase offer executed on 28/10/2021.
The issuing company is obligated to publish an announcement in two widely circulated daily morning newspapers with the details of the purchase process, provided that the purchase shall be from all shareholders who object to the voluntary delisting , in light of the dates referred to in this announcement.
The competent department in the listing sector shall notify the operations sector with the listing committee’s decision to implement its affairs and coordinate with the issuing company, for opening the special operations market to excute the purchase transactions for the shares of shareholders affected by the voluntary delisting in accordance with the provisions of Article (55) of the listing rules and Article (74) of the its executive procedures. However, the voluntary delisting procedures will not start until after the end of the announcement period, which will end on Monday 22/11/2021.
The competent department in the listing sector shall present the final delisting of the company’s shares to the listing committee after receiving a notification from the operations sector stating that the purchase process has been completed for all the offered shares, then the company's data is deleted from the EGX database, and the Misr Clearing, Depository and Central Registry Company is notified.
As of the beginning of the trading session on Thursday 18/11/2021, the trading of the company’s shares has been transferred to List (D) in accordance with the regulating controls, in light of the company proceeding with the voluntary delisting procedures until the completion of the delisting procedures.
Provided that the issuing company is obligated to buy the shares of those who wish to sell from the shareholders who object to the decision of voluntary delisting, as well as those who did not respond to the purchase offer at a price of 74.50 Egyptian pounds, in accordance with Article (55) of the listing rules and Article (74) of its executive procedures and their amendments, and in implementation of the aforementioned pledge In the purchase offer executed on 28/10/2021.
The issuing company is obligated to publish an announcement in two widely circulated daily morning newspapers with the details of the purchase process, provided that the purchase shall be from all shareholders who object to the voluntary delisting , in light of the dates referred to in this announcement.
The competent department in the listing sector shall notify the operations sector with the listing committee’s decision to implement its affairs and coordinate with the issuing company, for opening the special operations market to excute the purchase transactions for the shares of shareholders affected by the voluntary delisting in accordance with the provisions of Article (55) of the listing rules and Article (74) of the its executive procedures. However, the voluntary delisting procedures will not start until after the end of the announcement period, which will end on Monday 22/11/2021.
The competent department in the listing sector shall present the final delisting of the company’s shares to the listing committee after receiving a notification from the operations sector stating that the purchase process has been completed for all the offered shares, then the company's data is deleted from the EGX database, and the Misr Clearing, Depository and Central Registry Company is notified.
As of the beginning of the trading session on Thursday 18/11/2021, the trading of the company’s shares has been transferred to List (D) in accordance with the regulating controls, in light of the company proceeding with the voluntary delisting procedures until the completion of the delisting procedures.
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