November 30, 2020

EGX announces opening price of El Badr Plastic's rights issue


ArabFinance: The Egyptian Exchange's operations committee set the opening price of El Badr Plastic Company’s rights issue in the first trading day at EGP 0.135 per each, according to EGX’s disclosure.

The operations committee stated that the price limits of the rights issue will be calculated based on the price moves during the trading session.

The share will be traded away from the right issue, starting November 30th until December 1st with a closing price at EGP 100,000.

The right issue will be traded separately from the share starting December 2nd till December 28th. During this period, the closing price of the right will be EGP 14,774.38 and EGP 70,451.24 for the share.

El Badr Plastic will increase through subscription to 15.300 million shares amounting to EGP 0.50 per and issuance outlays of EGP 0.01.

arabfinance


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