Business
EGX Delisting – timeline under EGX's OPR
EGX Delisting – timeline 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 - timeline under EGX's special operations market (OPR)\n \n13 August 2024\n \nIntegrated Diagnostics Holdings plc (\"IDH\" or the \"Company\") refers to 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 (\"EGX Shares\", and such shareholders, \"EGX Shareholders\") if so required by such EGX Shareholders during the relevant buyback period (the \"Delisting Share Buyback\").\n \nPursuant to the Delisting Share Buyback, the Company has today announced the opening of the EGX's special operations market (OPR) pursuant to which EGX Shareholders can tender their EGX Shares to the Company during the period from the commencement of the trading session on Sunday 18 August 2024 to the close of the trading session on Thursday 22 August 2024, at a price of EGP 20 (twenty Egyptian pounds) per EGX Share. The Company undertakes to purchase all EGX Shares tendered during this period through the special operations market (OPR).\n \nThe brokerage firm representing the Company in the share purchase process under the special operations market (OPR) is EFG-Hermes International Securities Brokerage, located at Smart Village, Km 28 - Cairo-Alexandria Desert Road, Giza.\n \nShareholders should note that, following the close of the special operations market (OPR) and the subsequent decision of the EGX's Listing Committee to delist the Company's Shares and remove the same from its database, any EGX Shares not tendered through the special operations market (OPR) will no longer be capable of being traded on the EGX and will, subject to all applicable terms and conditions and all necessary steps having been taken, be capable of being traded on the main market for listed securities of the L...