{"id":594797,"date":"2019-09-08T04:22:46","date_gmt":"2019-09-08T04:22:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/"},"modified":"2019-09-08T04:22:46","modified_gmt":"2019-09-08T04:22:46","slug":"gth-completes-delisting-process-from-egypts-stock-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/","title":{"rendered":"GTH completes delisting process from Egypt\u2019s stock market"},"content":{"rendered":"

Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor<\/a>. Majority shareholder Veon bought 1.99 bn shares of GTH for EGP 9.7 bn in a mandatory offer (MTO) in August<\/a>, bringing up its ownership to 98%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor. Majority shareholder Veon bought 1.99 bn shares of GTH for EGP 9.7 bn in a mandatory […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,102,68,72,9102],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594797","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-capital-markets","tag-egx","tag-enterpriseam","tag-global-telecom-holding","wpautop","entry"],"acf":{"mongo_id":"1f585ef9-ba18-4728-9d56-662140ccee9e","is_powered_by":true,"section_story_id":"f16a3d32-5a8a-4ff8-ba16-d136f8540318","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594767],"teaser":"","voice_url":""},"yoast_head":"\nGTH completes delisting process from Egypt\u2019s stock market - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTH completes delisting process from Egypt\u2019s stock market\" \/>\n<meta property=\"og:description\" content=\"Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor. Majority shareholder Veon bought 1.99 bn shares of GTH for EGP 9.7 bn in a mandatory […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-08T04:22:46+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GTH completes delisting process from Egypt\u2019s stock market\",\"datePublished\":\"2019-09-08T04:22:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/\"},\"wordCount\":68,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"capital markets\",\"EGX\",\"EnterpriseAM\",\"Global Telecom Holding\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/\",\"name\":\"GTH completes delisting process from Egypt\u2019s stock market - 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GTH\u2019s shareholders approved the delisting during an extraordinary general assembly meeting last month after the company\u2019s main shareholder, Veon, completed a mandatory tender offer taking GTH private.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596463,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/","url_meta":{"origin":594797,"position":1},"title":"Global Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse","author":"enterpriseam admin","date":"28 August 2019","format":false,"excerpt":"Global Telecom Holding (GTH) shareholders approved the company\u2019s voluntary delisting during an extraordinary general assembly meeting on Monday, GTH said in a statement to the EGX (pdf). The company will buy back shareholders\u2019 shares at EGP 5.08 apiece.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648249,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/egx-approves-gth-capital-decrease\/","url_meta":{"origin":594797,"position":2},"title":"EGX approves GTH capital decrease","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"The EGX approved Global Telecom Holding\u2019s to decrease its capital to EGP 2.74 bn from EGP 3.04 bn on Tuesday by cancelling 524.5 mn shares, according to Reuters.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594704,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/deadline-for-remaining-gth-shareholders-to-sell-shares-through-opr-is-today\/","url_meta":{"origin":594797,"position":3},"title":"Deadline for remaining GTH shareholders to sell shares through OPR is today","author":"enterpriseam admin","date":"4 September 2019","format":false,"excerpt":"The EGX has set today as the deadline for Global Telecom Holding shareholders who did not sell their shares to Veon during the MTO to sell their stocks through the OPR platform. GTH shareholders approved delistingthe company\u2019s shares from the EGX and the company is buying back shareholders\u2019 shares at\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599762,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/","url_meta":{"origin":594797,"position":4},"title":"GTH planning EGP 11.2 bn rights issuance on the EGX","author":"enterpriseam admin","date":"9 January 2019","format":false,"excerpt":"Global Telecom Holding (GTH) is planning to raise its capital through a rights issue on the EGX worth EGP 11.2 bn to existing shareholders, according to a company statement (pdf). \u201cGTH intends to use the net proceeds from the rights offering to meet the Company\u2019s financial obligations through to the\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypts-tax-authority-agrees-to-egp-2-bn-settlement-in-global-telecom-dispute\/","url_meta":{"origin":594797,"position":5},"title":"Egypt\u2019s Tax Authority agrees to EGP 2 bn settlement in Global Telecom dispute","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"EXCLUSIVE- Global Telecom could pay EGP 2 bn to end tax dispute: The Tax Authority is nearing an agreement with emerging markets telecom operator Global Telecom Holding (GTH) to end a multi-bn dispute over taxes and penalties, two government sources tell Enterprise. The agreement could see the company pay EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=594797"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594797\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594767"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594797"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594797"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}