Saturday, March 6, 2021

The Stock Exchange adopts 6 determinants for listing securities on the list d

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Must Read

More IKEA stores in India .. Expansion to thirty cities in the next seven years

Prime Time Zone, Webdesk: Sweden, a global furniture sales giant, is preparing to expand its business in IKEA India....

In A Vida da Gente, Iná escorts Eva for maternal farce: ‘Arrogant and boastful’

Iná (Nicette Bruno) is going to spit out all the frogs stuck in her throat on top of Eva...

The UAE ambassador informed Netanyahu that Abu Dhabi stood by his side in the face of terrorists! | A nation is tweeting...

An Emirati account specialized in its media leaks said that the Emirati ambassador to Israel, Muhammad Al Khajah, informed...

The Egyptian Stock Exchange issued Decision No. 92 of 2021 regarding the determinants of listing securities in List (D).

The Stock Exchange indicated, in a statement today, that the Competent Committee may include in List D the securities in which any of the following cases are available:

1- Cases requiring compulsory write-off until the completion of the delisting procedures.

2- Cases of voluntary write-off until the completion of the delisting procedures.

3- Cases of violation of the rules of registration and disclosure that lead to suspension of dealing for indefinite periods.

4- Cases of non-commitment to appoint an official sponsor throughout the registration period in the SME market.

In this case, companies that have met other quantitative and qualitative criteria issued by the Stock Exchange and approved by the Authority are excluded. At the request of the company and after studying its case by the competent committee and verifying that it fully fulfills the tasks that the sponsor must perform.

5- Companies under liquidation or facing obstacles in forming their board of directors or failure to achieve revenues from their main activities for the period specified by the committee, or failure of the company to pay the registration fees.

6- Other cases in which a decision is issued by the registration committee and approved by the Financial Supervisory Authority.

The second article of the stock exchange’s decision guarantees that all the controls governing trading in force in the Egyptian Stock Exchange apply to securities listed on List D, except for the following:

– Not to apply the exploratory session to determine the opening price.

– Not applying pauses to price movement during the trading session.

The price limits for moving up and down only 5% during the session.

The third article stipulates that this decision shall be published by the means prepared for this in the Stock Exchange, and it shall be enforced as of the next business day of its publication, and all that contradicts the provisions of this decision, as well as the sectors and departments of the Stock Exchange, the Central Depository and Registry, and the concerned authorities to implement this decision, each within its own jurisdiction.

The article The Stock Exchange adopts 6 determinants for listing securities on List D that were written in the Stock Exchange newspaper.

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Latest News

More IKEA stores in India .. Expansion to thirty cities in the next seven years

Prime Time Zone, Webdesk: Sweden, a global furniture sales giant, is preparing to expand its business in IKEA India....

More Articles Like This

The Stock Exchange adopts 6 determinants for listing securities on the list d