{"id":594893,"date":"2019-09-10T04:52:44","date_gmt":"2019-09-10T04:52:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/"},"modified":"2019-09-10T04:52:44","modified_gmt":"2019-09-10T04:52:44","slug":"egyptian-stock-exchange-removes-gth-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/","title":{"rendered":"Egyptian Stock Exchange removes GTH shares"},"content":{"rendered":"

The EGX has taken Global Telecom Holding\u2019s shares off the exchange after the company completed all voluntary delisting procedures, the domestic press reports<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX has taken Global Telecom Holding\u2019s shares off the exchange after the company completed all voluntary delisting procedures, the domestic press reports. 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.<\/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":[2372,72,9102],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594893","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-global-telecom-holding","wpautop","entry"],"acf":{"mongo_id":"568e527e-dc1b-4a2a-b059-22d58182061a","is_powered_by":true,"section_story_id":"d885ebfa-1216-4ebb-974c-32dbb977a9f7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594864],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian Stock Exchange removes GTH shares - 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\/10\/egyptian-stock-exchange-removes-gth-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Stock Exchange removes GTH shares\" \/>\n<meta property=\"og:description\" content=\"The EGX has taken Global Telecom Holding\u2019s shares off the exchange after the company completed all voluntary delisting procedures, the domestic press reports. 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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-10T04:52:44+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\/10\/egyptian-stock-exchange-removes-gth-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian Stock Exchange removes GTH shares\",\"datePublished\":\"2019-09-10T04:52:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/\"},\"wordCount\":59,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Global Telecom Holding\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/\",\"name\":\"Egyptian Stock Exchange removes GTH shares - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-09-10T04:52:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egyptian Stock Exchange removes GTH shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egyptian Stock Exchange removes GTH shares - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/","og_locale":"en_US","og_type":"article","og_title":"Egyptian Stock Exchange removes GTH shares","og_description":"The EGX has taken Global Telecom Holding\u2019s shares off the exchange after the company completed all voluntary delisting procedures, the domestic press reports. 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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":594704,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/deadline-for-remaining-gth-shareholders-to-sell-shares-through-opr-is-today\/","url_meta":{"origin":594893,"position":2},"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":593972,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/ibrachy-legal-consultancy-served-as-legal-advisor-for-gth-acquisition\/","url_meta":{"origin":594893,"position":3},"title":"Ibrachy Legal Consultancy served as legal advisor for GTH acquisition","author":"enterpriseam admin","date":"15 October 2019","format":false,"excerpt":"Ibrachy Legal Consultancy acted as legal advisor to Global Telecom Holding in its acquisition by majority shareholder Veon and subsequent delisting from the EGX, founding partner Ashraf El Ibrachy told Al Mal.","rel":"","context":"In "Law"","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597423,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/","url_meta":{"origin":594893,"position":4},"title":"GTH board approves Grant Thornton valuation report","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"Global Telecom Holding\u2019s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation to Veon\u2019s bid to acquire GTH\u2019s operating assets and the mandatory tender offer (MTO), the company said in a bourse filing (pdf). The report valued GTH at EGP 4.93 per\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":596959,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/veon-nearly-completes-mto-of-42-3-of-global-telecom-holding\/","url_meta":{"origin":594893,"position":5},"title":"Veon nearly completes MTO of 42.3% of Global Telecom Holding","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"M&A WATCH- GTH nearly completes sale of 42.3% stake to Veon: Global Telecom Holding (GTH) shareholders have completed the sale of 37% of the 1.99 bn shares in a mandatory tender offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company, the local press reported. 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