Wednesday February 5 2014
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Egypt
Link: http://www.egx.com.eg/english/NewsDetails.aspx?NewsID=122697
Through applying the listing and delisting rules issued by the Egyptian Financial Supervisory Authority (EFSA) decision No. 11 of the year 2014, The Egyptian Exchange (EGX) would like to clarify the following:
The disclosure report publishing rules for the purpose of proceeding in stock split have been simplified and become more flexible to allow for companies wishing to split the par value in order to increase the liquidity rates and trading on their shares to carry out the splitting process according to specific procedures and in a specific period.
In this context, The Egyptian Exchange (EGX) requests from all market participants to check listed companies disclosures, financial performance, updates of existing projects and future plans, change in ownership structure, and other important data before taking investment decision.
As per new listing rules, disclose sector in EGX a monthly liquidity on the market at the level of each company so that this information is available to everyone.
Click on above link for further details.