{"id":634265,"date":"2018-01-10T04:02:16","date_gmt":"2018-01-10T04:02:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/"},"modified":"2018-01-10T04:02:16","modified_gmt":"2018-01-10T04:02:16","slug":"orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/","title":{"rendered":"Orange to buy back its shares if its capital increase does not meet EGX requirements"},"content":{"rendered":"

Orange Egypt will buy up its own shares at fair value if its capital increase does not meet EGX requirements and the bourse forces it to delist, the company said in a statement to the bourse<\/a>. The company is still studying its planned additional share issuance to ensure its compliance with EGX requirements, according to the statement. Orange had announced its planned capital increased to EGP 16.4 bn from EGP 1 bn in November<\/a>, and received approval from the Financial Regulatory Authority last month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orange Egypt will buy up its own shares at fair value if its capital increase does not meet EGX requirements and the bourse forces it to delist, the company said in a statement to the bourse. The company is still studying its planned additional share issuance to ensure its compliance with EGX requirements, according 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":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634265","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"74a47b42-0e21-4b50-bc33-06abd82cf776","order":"0","is_powered_by":true,"section_story_id":"f6b42e84-7c8a-4bf8-a948-8137d685683d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634232],"teaser":"","voice_url":""},"yoast_head":"\nOrange to buy back its shares if its capital increase does not meet EGX requirements - 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\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange to buy back its shares if its capital increase does not meet EGX requirements\" \/>\n<meta property=\"og:description\" content=\"Orange Egypt will buy up its own shares at fair value if its capital increase does not meet EGX requirements and the bourse forces it to delist, the company said in a statement to the bourse. The company is still studying its planned additional share issuance to ensure its compliance with EGX requirements, according to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-10T04:02:16+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\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orange to buy back its shares if its capital increase does not meet EGX requirements\",\"datePublished\":\"2018-01-10T04:02:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Telecoms + ICT\"],\"articleSection\":[\"Telecoms + ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\",\"name\":\"Orange to buy back its shares if its capital increase does not meet EGX requirements - 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The company\u2019s board had signed off on the move early last month.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637482,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/","url_meta":{"origin":634265,"position":1},"title":"Orange Egypt looking to convert parent company loan to equity","author":"enterpriseam admin","date":"16 November 2017","format":false,"excerpt":"Orange Egypt said it is working closely with the EGX and the Financial Regulatory Authority (FRA) to complete a capital increases through converting a EUR 750 mn loan from its parent company to capital, according to a bourse disclosure. The company\u2019s EGM will meet on 4 December to approve the\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633182,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/egx-approves-oranges-egp-15-4-capital-increase\/","url_meta":{"origin":634265,"position":2},"title":"EGX approves Orange\u2019s EGP 15.4 capital increase","author":"enterpriseam admin","date":"28 February 2018","format":false,"excerpt":"The EGX listing committee approved yesterday Orange\u2019s request to increase its issued capital to EGP 16.4 bn from EGP 1 bn, according to an EGX filing. The EGP 15.4 bn capital increase will be by financed through a rights issue to existing shareholders. The new shares will be added to\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587995,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/05\/taqa-arabia-shares-to-be-listed-on-egx-this-week-ahead-of-direct-offering\/","url_meta":{"origin":634265,"position":3},"title":"Taqa Arabia shares to be listed on EGX this week ahead of direct offering","author":"enterpriseam admin","date":"5 June 2023","format":false,"excerpt":"Taqa Arabia will offer 1.35 bn shares at EGP 0.50 per share","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/119.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635056,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/","url_meta":{"origin":634265,"position":4},"title":"Orange successfully completes capital increase to EGP 16.4 bn","author":"enterpriseam admin","date":"31 January 2018","format":false,"excerpt":"Orange successfully completes capital increase to EGP 16.4 bn: Orange Egypt\u2019s capital increase was 99.49% subscribed when it closed on Sunday, the company said in a bourse filing yesterday. 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