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Listing the Rights Issue Of Palm Hills Development Company -3, separately from the underlying shares of the Company-Main Market



RIC : PHDC_r3.CA

The Listing Committee held on 10/10/2018 has approved to list the Rights Issue Of Palm Hills Development Company -3, separately from the underlying shares of the company. The companys issued Rights amounted to 769,649,909 Rights, resulting from the companys capital increase from EGP 4,617,899,452 to EGP 6,157,199,270, such increase amounting EGP 1,539,299,818 is through rights issue for the companys existing shareholders, at a par value of EGP 2 in addition to EGP 0.03 issuance Fees. taking into consideration the following :-
The rights issue will be added to EGX database to be traded (separately from the underlying shares ) staring 17/10/2018 till the end of 12/11/2018 trading session ISIN Code (EGS921J1C014), only if the market price of companys share were higher than the subscription price of the rights issue.
This rights issue will be removed from EGX database by the end of 12/11/2018 trading session.


Time Added: 2018-10-11 11:12:19
Source: egidegypt
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