{"id":599762,"date":"2019-01-09T04:24:59","date_gmt":"2019-01-09T04:24:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/"},"modified":"2019-01-09T04:24:59","modified_gmt":"2019-01-09T04:24:59","slug":"gth-planning-egp-11-2-bn-rights-issuance-on-the-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/","title":{"rendered":"GTH planning EGP 11.2 bn rights issuance on the EGX"},"content":{"rendered":"

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)<\/a>. \u201cGTH intends to use the net proceeds from the rights offering to meet the Company\u2019s financial obligations through to the end of 2019, including loans from its main shareholder, the VEON Group, on a timely basis and provide sufficient liquidity needed to meet its operating companies\u2019 near-term needs.\u201d GTH is seeking regulatory approvals and will hold on 28 January an ordinary general assembly meeting to receive shareholder approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 end of 2019, including loans […]<\/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":[68,72,9102,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599762","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-egx","tag-enterpriseam","tag-global-telecom-holding","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"fd13a376-7e3b-47d6-bb7e-92e5a4d4fa4e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599728],"teaser":"","voice_url":""},"yoast_head":"\nGTH planning EGP 11.2 bn rights issuance on the EGX - 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\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTH planning EGP 11.2 bn rights issuance on the EGX\" \/>\n<meta property=\"og:description\" content=\"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 end of 2019, including loans […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-09T04:24:59+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\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GTH planning EGP 11.2 bn rights issuance on the EGX\",\"datePublished\":\"2019-01-09T04:24:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"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\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/gth-planning-egp-11-2-bn-rights-issuance-on-the-egx\/\",\"name\":\"GTH planning EGP 11.2 bn rights issuance on the EGX - 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The MTO kicked off yesterday,\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":602343,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/gth-kicks-to-26-june-general-assembly-meeting-to-vote-for-egp-11-2-bn-capital-increase\/","url_meta":{"origin":599762,"position":2},"title":"GTH kicks to 26 June general assembly meeting to vote for EGP 11.2 bn capital increase","author":"enterpriseam admin","date":"25 March 2019","format":false,"excerpt":"Emerging markets telecom operator Global Telecom Holding (GTH) has postponed to 26 June its general assembly meeting to vote for a capital increase of EGP 11.2 bn through a rights issue on the bourse, according to an EGX disclosure (pdf). The company said this came after majority shareholder Veon Holdings\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":599762,"position":3},"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":[]},{"id":600331,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/gth-postpones-to-27-march-ga-meeting-to-vote-on-egp-11-2-bn-capital-increase\/","url_meta":{"origin":599762,"position":4},"title":"GTH postpones to 27 March GA meeting to vote on EGP 11.2 bn capital increase","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"EGX-listed Global Telecom Holding (GTH) has postponed to 27 March its general assembly meeting to vote for a capital increase of EGP 11.2 bn through a rights issue on the bourse, IR department head Noha Agaiby said, according to Al Mal. 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