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EGP1.61 -0.0  -1.0%

Last Trade - 22/04/21

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BRIEF- Egypts' Palm Hills Developments Applies To Cancel Listing and Terminate GDR Programmes

Tue 29th September, 2020 9:02am
Sept 29 (Reuters) - PALM HILLS DEVELOPMENTS  PHDC.CA :
    * HAS APPLIED FOR THE CANCELLATION OF THE ADMISSION TO
LISTING OF
ITS GLOBAL DEPOSITARY RECEIPTS ("GDRS") ON THE OFFICIAL LIST OF
THE FINANCIAL CONDUCT AUTHORITY
    * CANCELLATION OF THE ADMISSION TO TRADING OF ITS GDRS ON
THE MAIN
MARKET OF THE LONDON STOCK EXCHANGE (THE "LSE"), WHICH WILL TAKE
EFFECT ON 22 DECEMBER 2020
    * IN ADDITION, THE GDR PROGRAMMES WILL BE TERMINATED AND THE
GDRS
CANCELLED
    * CANCELLATION OF THE ADMISSIONS TO LISTING AND TRADING OF
ITS
GDRS DUE TO THE LOW VOLUME OF GDRS BEING TRADED ON THE MAIN
MARKET OF THE LSE
    * EACH GDR REPRESENTS 20 ORDINARY SHARES OF PHD
    * THE SHARES REPRESENTED BY THE GDRS WILL CONTINUE TO BE
LISTED
AND TRADED ON THE EGYPTIAN STOCK EXCHANGE

Source: (https://bit.ly/30gIKg0)
Further company coverage:  PHDC.CA 

 ((Reuters.Briefs@thomsonreuters.com;))

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