News Details

Final Mandatory De-listing for the Shares of Nile City Investment (NCIN.CA)

26/05/2022 04:29 PM

The Listing Committee held on 11/05/2022 has approved the final de-listing for the shares of Nile City Investment (mandatory de-listing) where its issued capital is EGP 725 million, distributed over 7.25 million shares, with a nominal value of EGP 100 per share, represented in (5) issues, to be de-listed from the schedule of the Egyptian securities 'shares'.
Due to its lack of commitment to fulfill the post listing conditions (the minimum number of shareholders and the minimum rate of the free float ratio) in accordance with the provisions of Articles (10), (53) and (53) bis of the listing and delisting rules for securities in the Egyptian Exchange.
The company's data shall be removed from the EGX List (D), as well as its database, starting from the beginning of 12/05/2022 trading session, where the company's shares shall be traded through the ownership transfer system-delisted securities (OTC).
Taking into account notifying both of the MCDR and the investor protection fund of non-commercial risks to carry out their affairs.

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