Taliban gains drive Afghan government to recruit militias    UN urges Israel to halt building of settlements immediately    Egyptian Premier League fixtures (27th matchday)    Bayern Munich to kick off Bundesliga season at Gladbach    First COVID-19 case could have emerged in China in Oct 2019: Study    Zamalek extend stay of winger Zizo for another 3 years    Contact Developments launches Quan Iconic Tower at New Capital with EGP 1.5bn investments    Egypt retrieves 3 Pharaonic, Greco-Roman era artefacts in London    Sisi stresses need to safeguard, develop Awqaf funds    Cairo to host fifth round of Eurasian Economic Union free trade talks in November    Hyundai Rotem signs $110 million deal to upgrade railway signal system in Egypt    Egypt launches Tamayoz, an index for SMEs    Egypt's Suez Canal Authority announces solution on impounded Ever Given    Egypt Government policy of fiscal, monetary policy harmony reduced COVID-19 repercussions: Finance Minister    Egypt ready to support manufacture of COVID-19 vaccines in Africa: Prime Minister    US, EU condemn airstrike on Ethiopia's Tigray market which left 51 dead    Egypt recovers 114 artefacts smuggled to France    MEP questions Washington's logic of hyping up China threat for military expansion    Russia in showdown with UN and West over aid to Syria    'Scary' Sydney virus cluster blamed on delta variant grows    Euro 2020 brings back long-forgotten memories of glory for qualifying teams    Manchester City's Riyad Mahrez gets engaged to British model Taylor Ward    Egypt's delay in including Mo Salah, Mostafa Mohamed at Tokyo Olympics raises concern    In Video: Egypt recovers 114 ancient artefacts smuggled into France    Sudan calls on UN Security Council to intervene in GERD dispute    Egypt, Germany discuss bilateral relations, GERD developments    Egypt's Health Minister reviews precautionary measures during Cairo Book Fair    Egypt's FM discusses bilateral relations with German counterpart    IMF approves final tranche of Egypt's SBA loan programme    Egypt's Senate commences fulfilling its obligations under clear jurisdictions: Ahmed Diab    Egypt extends 'Kings of the Sun' exhibition in Prague until 30 September    Egypt's CBE extends its preventive measures against pandemic's negative impacts through end of 2021    Don't miss Romeo and Juliet ballet shows at the Cairo Opera House    Arab history at the Institute    The second filling    Egypt opens its first anaerobic gasification unit    Egypt keen on negotiation leading to binding deal on GERD, irrigation minister tells S.Sudan's officials    HSBC earmarks funding to a coastal ecosystem restoration project in Egypt    Egypt accuses Ethiopia of using GERD crisis for political purposes    Egypt's Water Resources Minister in South Sudan for cooperation talks    APO Group enters new exclusive agreement with Getty Images on African press releases and images    Egypt is on short list of partner countries for U.S. COVID-19 vaccines: embassy    Russia to resume charter flights to Egypt resorts in the coming days    Egypt's Sisi announces allocation of $500 million for reconstruction in war-wrecked Gaza    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    Veteran Egyptian journalist Makram Mohamed Ahmed passes away at 86    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Integrated Diagnostics obtains EGX approval for dual listing
EFG Hermes, Renaissance Capital act as advisors to Integrated Diagnostics in double entry process
Published in Daily News Egypt on 05 - 05 - 2021

The Integrated Diagnostics Holdings has obtained the approval of the Egyptian Exchange (EGX) Registration Committee for the dual listing of the company's shares on the main EGX market.
The approval represents a complementary step for the company to fulfil all legal and regulatory requirements necessary to implement the double-entry process on the EGX.
The company is looking forward to obtaining the approval of the Financial Regulatory Authority (FRA), in order to proceed with the publication of the disclosure report form for the local market.
This relates to the process of listing and trading on the EGX, and comes in accordance with the procedures and requirements before the start of the company's trading its shares.
According to a press release, the Integrated Diagnostics Holding Company has decided to initiate double-entry procedures without issuing any new shares at present.
This process is the first technical entry of its kind on the EGX which meets all its regulatory requirements related to the rules for listing and delisting securities. This includes offering 5% of its shares for free circulation, equivalent to 30 million shares.
Trading of the company's shares on the EGX will take place in Egyptian pounds, provided that this entry complements the current trading of the company's shares on the London Stock Exchange (LSE) in US dollars.
EFG Hermes and Renaissance Capital are acting as advisors to the company in the double entry process.


Clic here to read the story from its source.