Egyptian Exchange Posted
The Egyptian Exchange’s (EGX) listing Committee approved the listing of Macro Group Pharmaceuticals (Macro Capital) shares in the main market, the transfer of shares of The Egyptian Real Estate Investment Company (Marseillia), from the SME market to the main market, and the sectorial modification of Pharaoh Tech for Control and Communication Systems during its first meeting in 2022.
Macro Capital’s issued capital amounts to EGP 115.4 million distributed on 577.3 million shares with a nominal value of EGP 0.20 per share. The company’s shares will be listed on EGX database as of Thursday 13/01/2022 and will be added to the Health Care and Pharmaceuticals Sector with the Ticker Symbol MCRO.CA.
The company is planning to issue 45% of its total shares distributed between a public and private offering, one month after registration at the Financial Regulatory Authority (FRA). No trading on the company’s shares are allowed during this month except with FRA’s approval.
Macro Capital reviewed the company’s business plan during the listing committee meeting during which its company’s representatives presented offering and trading plan of its shares on the stock market as a platform to help it grow and expansion.
The Listing Committee approved the request submitted by Marseille AlMasreia Alkhalegeya for Holding Investment (SME Market) to modify its listing from the SME market in accordance with the provisions of Article (9) of the listing rules to the main market in accordance with the provisions of article (7) of the listing rules of EGX, with the same listing data; capital of EGP100,800,000 distributed over 100,800,000 shares with a nominal value of EGP1 per share. This modification is to be applied beginning of the trading session on Thursday, 20/01/2022, with the company’s commitment to publish its disclosures in accordance with the listing rules of the main market.
The Listing Committee also approved the modification of sectoral classification of Pharaoh Tech for Control and Communication Systems listed in the SME market, to become in the Contracting and Construction Engineering Sector instead of Industrial Goods, Services and Automobiles Sector, after analyzing the company’s revenue sources according to its business activities and after coordination with the company.