{"id":596463,"date":"2019-08-28T04:00:02","date_gmt":"2019-08-28T04:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/"},"modified":"2019-08-28T04:00:02","modified_gmt":"2019-08-28T04:00:02","slug":"global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/","title":{"rendered":"Global Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse"},"content":{"rendered":"

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)<\/a>. The company will buy back shareholders\u2019 shares at EGP 5.08 apiece.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/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":[102,68,72,9102,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596463","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-capital-markets","tag-egx","tag-enterpriseam","tag-global-telecom-holding","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"17acccb6-f92f-4eef-83ba-ec7f232df120","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[596428],"teaser":"","voice_url":""},"yoast_head":"\nGlobal Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse - 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\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-28T04:00:02+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\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Global Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse\",\"datePublished\":\"2019-08-28T04:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/\"},\"wordCount\":48,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"EGX\",\"EnterpriseAM\",\"Global Telecom Holding\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/\",\"name\":\"Global Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse - 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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":594797,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/","url_meta":{"origin":596463,"position":1},"title":"GTH completes delisting process from Egypt\u2019s stock market","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"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. 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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":596463,"position":3},"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":593972,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/ibrachy-legal-consultancy-served-as-legal-advisor-for-gth-acquisition\/","url_meta":{"origin":596463,"position":4},"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":596630,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/gth-board-cancels-shareholders-meeting-over-the-planned-capital-increase\/","url_meta":{"origin":596463,"position":5},"title":"GTH board cancels shareholders meeting over the planned capital increase","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"M&A WATCH- Global Telecom MTO progresses after tax dispute resolution: Global Telecom Holding (GTH) shareholders have offered to sell 37% of the 1.99 bn shares targeted in a mandatory tender offer launched by majority shareholder Veon to acquire 42.3% of GTH, according to Al Mal. 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