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The company was removed from the securities list effective August 14.
Rana Mamdouh
The Egyptian Stock Exchange (EGX) has announced the implementation of the mandatory purchase offer by Fion Holdings BV covering 1,914,322 billion shares of Global Telecom Holding.
The stock market said in a statement that the total value of the offer amounted to 9.724,756 billion pounds.
According to the statement, it was decided to remove the issuing company from the lists of titles authorized to carry out specialized activities – List A from 14/8/2019.
Yesterday, EFG-Hermes announced the acceptance of Fillon Holdings BV in response to the offer to purchase 42.31% of the issued shares of Global Telecom Holding.
On July 2, Fion Holdings B began to implement mandatory public offering up to approximately 1,977,639 billion shares, accounting for 42.31% of the issued shares of the company, at a price of £ 5.08.
On August 6, the stock market announced that the total amount corresponding to Fillon's mandatory tender offer on the shares of Global Telecom Holding Company at the closing of the OPR market had risen to 1,914,322 billion approximately 96.7% of the target shares.
The offer was valid from July 2 to August 6, 2019.
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