Friday, February 26, 2021

Today .. the start of trading on the shares of “Orascom Financial” and “Orascom Investment” after the division

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Beltone is the financial advisor for the division and restructuring process

The Stock Exchange revealed the end of the horizontal division of Orascom Investment Holding Company into two companies, namely, Orascom Investment Holding Company (Qasima Company) and Orascom Financial Holding Company (a divided company).

Beltone Financial Holding Company acted as the financial advisor for the division and restructuring of Orascom into two companies, one for “financial services” and the other for diversified investments.

The Stock Exchange Operations Committee agreed to lift the suspension of dealing on the shares of the divided company and to start trading on the shares of the divided company and the shares of the divided company as of the trading session today, Wednesday, without being bound by the price limits or the temporary suspension mechanisms in place during the first trading session only, provided that trading takes place on the two financial papers. Start from the next trading session.

The committee agreed that the shares of the two divided and divided companies will continue to be listed in the main market, and the shares of the two divided and divided companies will continue to be listed in the list of securities permitted to be traded in the auction unit of one per thousand of the pound, and the shares of the two divided and divided companies will continue to be listed in the same stock indexes in which the company’s shares are listed before the division according to the methodology of Indices, and the continued inclusion of the shares of the two divided and divided companies in the list of borrowing securities for the purpose of sale and in List (A) of the securities on which specialized activities are permitted to be carried out until the periodic review.

The committee decided that the reference price for the share of Orascom Investment Holding Company (Qasim Company) is equal to the closing price of the company’s share before the division, amounting to 0.647 pounds on February 10, 2021 multiplied by the share capital of the company attributed to the total capital of the company before the division, so that the reference price of the share is 0.169 pounds.

The committee agreed that the reference price for the share of Orascom Financial Holding Company (a split company) should be equal to the closing price of the company’s share before the division, which amounted to EGP 0.647 during the same date multiplied by the divided company’s capital relative to the company’s total capital before the division, so that the reference price of the share is 0.478 pounds.

Today’s article .. The start of trading on the shares of “Orascom Financial” and “Orascom Investment” after the division was written in the Al-Borsa newspaper.

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Today .. the start of trading on the shares of "Orascom Financial" and "Orascom Investment" after the division