Earlier on April 5, EGX announced the implementation of the public and private offering of Taaleem Management Services Company, at a value of LE 2.05 billion. Regarding the public offering, the statement indicated that the offering was executed on 17.891 million shares, representing 5 percent of the total shares offered for sale, which represents 2.45 percent of the total issued company shares. While the private offering was implemented on 339.931 million shares, representing 95 percent of the number of shares offered for sale, which represents 46.55 percent of the total issued company shares. The EGX stated in a statement, that the buy and sell orders for the issued company’s shares expired on Monday, March 5. Moreover, it decided to list the company's shares on the stock exchange database as of tomorrow, Wednesday, March 24, as follows (p. 1 - p. 2) 730,250,000 shares x LE 1 = LE 730,250,000.

Source: Egypt Today April 07, 2021 16:07 UTC