ArabFinance: The Egyptian Exchange’s (EGX) listing committee has extended trading on Union National Bank-Egypt's (UNB Egypt) shares in the special operations market (OPR) to September 24th, according to the EGX disclosure.
The extension came based on a brokerage company’s request that represents the bank in the purchase of the remaining shares at EGP 9.92 per each.
Earlier, EGX stated that August 24th is the last date to register purchase or sale orders on UNB Egypt shares in the OPR.
UNB Egypt decided to delist its share capital, which amounts to EGP 1,474,814,252 distributed on 263,359,688 shares at the par value of EGP 5.6 per each.
In November 2019, the banks' extraordinary general meeting ratified the buying back bank stocks from the shareholders who rejected delisting according to the fair value study.
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