{"id":595649,"date":"2019-08-01T04:35:19","date_gmt":"2019-08-01T04:35:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/"},"modified":"2019-08-01T04:35:19","modified_gmt":"2019-08-01T04:35:19","slug":"union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/","title":{"rendered":"Union National Bank\u2019s BoD approves voluntary delisting from Egypt\u2019s exchange"},"content":{"rendered":"

Union National Bank\u2019s board of directors has approved a decision to voluntarily delist the bank\u2019s shares from the EGX and purchase the minority shareholders' shares at their fair value, according to a bourse disclosure (pdf)<\/a>. The board has called for an extraordinary general assembly meeting to vote on the delisting and nominated its chairman to set the date. The EGX\u2019s delisting committee separately also greenlit the voluntary delisting of the National Company for Maize Products, according to the stock market\u2019s session news screen.<\/p>\n","protected":false},"excerpt":{"rendered":"

Union National Bank\u2019s board of directors has approved a decision to voluntarily delist the bank\u2019s shares from the EGX and purchase the minority shareholders' shares at their fair value, according to a bourse disclosure (pdf). The board has called for an extraordinary general assembly meeting to vote on the delisting and nominated its chairman to […]<\/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":[9315],"tags":[72,2390,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595649","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"758fcf63-5249-4213-b0ad-47836f38349c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595616],"teaser":"","voice_url":""},"yoast_head":"\nUnion National Bank\u2019s BoD approves voluntary delisting from Egypt\u2019s exchange - 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\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union National Bank\u2019s BoD approves voluntary delisting from Egypt\u2019s exchange\" \/>\n<meta property=\"og:description\" content=\"Union National Bank\u2019s board of directors has approved a decision to voluntarily delist the bank\u2019s shares from the EGX and purchase the minority shareholders' shares at their fair value, according to a bourse disclosure (pdf). The board has called for an extraordinary general assembly meeting to vote on the delisting and nominated its chairman to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-01T04:35:19+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\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Union National Bank\u2019s BoD approves voluntary delisting from Egypt\u2019s exchange\",\"datePublished\":\"2019-08-01T04:35:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\",\"regulation\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/\",\"name\":\"Union National Bank\u2019s BoD approves voluntary delisting from Egypt\u2019s exchange - 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Orange had been facing mandatory delisting since the beginning of the year for failing to meet the EGX\u2019s amendments on the required number of freefloat\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":573642,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/12\/americana-egypt-approves-delisting-shares-from-egx-ahead-of-adeptio-purchase\/","url_meta":{"origin":595649,"position":3},"title":"Americana Egypt approves delisting shares from EGX ahead of Adeptio purchase","author":"enterpriseam admin","date":"12 August 2020","format":false,"excerpt":"M&A WATCH- Americana Egypt approves delisting shares from EGX to fulfill Adeptio purchase: Americana Egypt\u2019s board of directors have approved delisting the company\u2019s shares from the bourse at EGP 6.32 per share after finalizing an agreement with Adeptio last week that will see it purchase a 9.6% stake in Americana\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":[]},{"id":596463,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/","url_meta":{"origin":595649,"position":4},"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":601724,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/egx-committee-asks-unb-to-speed-up-delisting-procedures\/","url_meta":{"origin":595649,"position":5},"title":"EGX committee asks UNB to speed up delisting procedures","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"The EGX listing committee has asked Union National Bank Egypt to expedite efforts to complete procedures for its delisting from the stock market by 30 June at the latest, it said in a statement (pdf). 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