Business
EGX Delisting – buyback under EGX's OPR
EGX Delisting – buyback under EGX's OPR.
About this update from Integrated Diagnostics Holdings Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \nIntegrated Diagnostics Holdings plc\n \n \nEGX Delisting - Share buyback under EGX's special operations market (OPR)\n \n27 August 2024\n \nIntegrated Diagnostics Holdings plc (\"IDH\" or the \"Company\") refers to:\n \n(i) the shareholder resolutions passed at the Company's Extraordinary General Meetings held on 12 June 2024 and 18 July 2024 approving, amongst other things, the voluntary delisting (the \"EGX Delisting\") of the Company's ordinary shares (the \"Shares\") from the Egyptian Exchange (the \"EGX\") and the Company's repurchase of Shares from shareholders who hold Shares traded on the EGX held by Misr for Central Clearing, Depository and Registry (\"MCDR\") (\"EGX Shares\", and such shareholders, \"EGX Shareholders\") if so required by such EGX Shareholders during the relevant period; and\n \n(ii) the Company's announcement on 13 August 2024 in relation to the timeline under the EGX's special operations market (OPR).\n \nFurther to the closing of the tender period under the EGX's special operations market (OPR) on 22 August 2024, the Company has, on 26 August 2024, through EFG-Hermes International Securities Brokerage as its broker, initiated the buyback of all EGX Shares validly tendered into the special operations market (OPR), as follows:\n \n\n\n\n\nTrading venue:\n\n\nEGX\n\n\n\n\nTender period under the special operations market (OPR):\n\n\n18 August 2024 to 22 August 2024\n\n\n\n\nDate of buyback:\n\n\n26 August 2024\n\n\n\n\nExpected settlement date of buyback on the EGX:\n\n\n28 August 2024\n\n\n\n\nNumber of EGX Shares purchased:\n\n\n18,673,728\n\n\n\n\nPurchase price per EGX Share:\n\n\n20 Egyptian pounds\n\n\n\n\n \nThe Company intends to hold all 18,673,728 EGX Shares purchased by the Company (the \"Repurchased Shares\") as treasury shares. Following the settlement of the Repurchased Shares on the EGX, the Company will initiate the process to remove the Repurchased Shares from MCDR and for them to be held in the name of the Company as treasury shares (the \"Removal Process\")....