EGX's listing committee approves listing Ataqa’s capital hike shares
Updated 6/12/2019 3:06:07 PM
Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on June 12 approved listing the issued capital increase of Misr National Steel – Ataqa (ATQA).
The firm will increase the issued and paid capital to EGP 600 million from EGP 300 million, with an increase amounting to EGP 300 million.
The hike will be through issuing 1 bonus share for every share. It will be distributed over 600 million shares at EGP 0.5 per share.
Shareholders of record are entitled to the distribution until the end of July 2 session. The bonus shares are distributable as of July 3, 2019, while approximating fractions for minor shareholders.
The company's shares will be listed after the capital increase on EGX's database with determining a reference price for company shares as of July 3, 2019.
