{"id":602475,"date":"2019-03-28T04:00:26","date_gmt":"2019-03-28T04:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/"},"modified":"2019-03-28T04:00:26","modified_gmt":"2019-03-28T04:00:26","slug":"amer-group-shareholders-reject-boards-decision-to-delist-from-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/","title":{"rendered":"Amer Group shareholders reject board\u2019s decision to delist from EGX"},"content":{"rendered":"

Amer Group minority shareholders say no to delisting decision:<\/b> Minority shareholders of developer Amer Group shareholders have said no to a plan driven by the company\u2019s board of directors<\/a> to voluntarily delist from the EGX, Al Mal reported<\/a>. The Financial Regulatory Authority (FRA) had decided that only minority shareholders would be able to vote at the meeting. Shareholders had filed a complaint<\/a> to the FRA, asking it to take action against company founder and chairman Mansour Amer and lead shareholder Mohamed El Amin for alleged market manipulation. They allege that Amer and Amin intentionally caused the company\u2019s share price to tank when they sold some 73 mn shares over the last six months. The complainants want the FRA to unwind the trades and to order an independent fair value study to set the price at which the company will buy out their shares during a planned delisting process.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amer Group minority shareholders say no to delisting decision: Minority shareholders of developer Amer Group shareholders have said no to a plan driven by the company\u2019s board of directors to voluntarily delist from the EGX, Al Mal reported. The Financial Regulatory Authority (FRA) had decided that only minority shareholders would be able to vote at […]<\/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":[8572],"tags":[832,102,72,76,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602475","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-amer-group","tag-capital-markets","tag-enterpriseam","tag-financial-regulatory-authority","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a55146d9-853b-4e6e-8f1a-920d2a272d39","is_powered_by":true,"section_story_id":"212610af-d2f9-4b00-87c3-56fdfcc92d5c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602461],"teaser":"","voice_url":""},"yoast_head":"\nAmer Group shareholders reject board\u2019s decision to delist from 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\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amer Group shareholders reject board\u2019s decision to delist from EGX\" \/>\n<meta property=\"og:description\" content=\"Amer Group minority shareholders say no to delisting decision: Minority shareholders of developer Amer Group shareholders have said no to a plan driven by the company\u2019s board of directors to voluntarily delist from the EGX, Al Mal reported. The Financial Regulatory Authority (FRA) had decided that only minority shareholders would be able to vote at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-28T04:00:26+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amer Group shareholders reject board\u2019s decision to delist from EGX\",\"datePublished\":\"2019-03-28T04:00:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Amer Group\",\"capital markets\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/amer-group-shareholders-reject-boards-decision-to-delist-from-egx\/\",\"name\":\"Amer Group shareholders reject board\u2019s decision to delist from EGX - 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Thursday\u2019s trades on Amer Group and Porto Group were canceled following the announcement.","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":602424,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-signals-new-protections-coming-for-minority-shareholders\/","url_meta":{"origin":602475,"position":2},"title":"FRA signals new protections coming for minority shareholders","author":"enterpriseam admin","date":"27 March 2019","format":false,"excerpt":"FRA signals new protections coming for minority shareholders: The Financial Regulatory Authority (FRA) has reportedly signed off on a regulatory change that aims to protect the rights of minority shareholders when companies list and delist shares on the EGX, Al Masry Al Youm reports. The changes zero in on conflicts\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":625401,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/cairo-development-and-investment-minority-shareholders-have-until-8-august-to-sell-their-stakes-at-egp-4-20-share\/","url_meta":{"origin":602475,"position":3},"title":"Cairo Development and Investment minority shareholders have until 8 August to sell their stakes at EGP 4.20\/share","author":"enterpriseam admin","date":"5 August 2018","format":false,"excerpt":"Cairo Development and Investment minority shareholders have until 8 August to sell their stakes at EGP 4.20\/share: Minority shareholders in Cairo Development and Investment will be able to sell their stakes at EGP 4.20 \/ share until 8 August, before the company completes its voluntary delisting from the EGX, the\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":601514,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/amer-group-plans-to-delist-from-egx\/","url_meta":{"origin":602475,"position":4},"title":"Amer Group plans to delist from EGX","author":"enterpriseam admin","date":"3 March 2019","format":false,"excerpt":"Amer Group\u2019s board approved a plan to delist the company\u2019s shares from the EGX, the company said in a bourse filing. 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