{"id":652915,"date":"2017-01-22T04:37:25","date_gmt":"2017-01-22T04:37:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/"},"modified":"2017-01-22T04:37:25","modified_gmt":"2017-01-22T04:37:25","slug":"egx-issues-new-regs-governing-rights-issues-for-otc-market-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/","title":{"rendered":"EGX issues new regs governing rights issues for OTC market companies"},"content":{"rendered":"<p>The EGX has issued new regulations governing the transfer of rights issues during the capital increase of non-listed companies whose securities trade on the over-the-counter (OTC) market. Under the regs, these companies must open the door for shareholders to transfer rights issues as soon as the company publicly announces a capital increase and at least five days prior to opening subscriptions, according to an <a href=\"http:\/\/www.egx.com.eg\/getdoc\/1241eeb0-f8b3-4758-a623-78ee7c2a824e\/%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%89-%D8%A7%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D8%AA%D8%AF%D8%A7%D9%88%D9%84-%D8%AD%D9%82-%D8%A7%D9%84%D8%A7%D9%83%D8%AA%D8%AA%D8%A7%D8%A8-%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D9%85%D9%82%D8%B5%D9%88%D8%B1.aspx\">EGX statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX has issued new regulations governing the transfer of rights issues during the capital increase of non-listed companies whose securities trade on the over-the-counter (OTC) market. Under the regs, these companies must open the door for shareholders to transfer rights issues as soon as the company publicly announces a capital increase and at least [&hellip;]<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652915","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"e289b9b8-196a-45c7-9fc5-136e837e9789","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652873],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGX issues new regs governing rights issues for OTC market companies - 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\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX issues new regs governing rights issues for OTC market companies\" \/>\n<meta property=\"og:description\" content=\"The EGX has issued new regulations governing the transfer of rights issues during the capital increase of non-listed companies whose securities trade on the over-the-counter (OTC) market. Under the regs, these companies must open the door for shareholders to transfer rights issues as soon as the company publicly announces a capital increase and at least [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-22T04:37:25+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\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX issues new regs governing rights issues for OTC market companies\",\"datePublished\":\"2017-01-22T04:37:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/\"},\"wordCount\":77,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egx-issues-new-regs-governing-rights-issues-for-otc-market-companies\/\",\"name\":\"EGX issues new regs governing rights issues for OTC market companies - 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The regulations outline the timeframe for traders to inform the EGX about over-the-counter (OTC) transactions and stipulates that brokerages keep all documents relating to OTC transactions for five years, according to\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":634298,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/egx-allows-otc-trading-of-subscription-rights-in-unlisted-companies\/","url_meta":{"origin":652915,"position":1},"title":"EGX allows OTC trading of subscription rights in unlisted companies","author":"enterpriseam admin","date":"11 January 2018","format":false,"excerpt":"The EGX is now allowing for subscription rights in capital increases for unlisted companies to be traded over-the-counter, bourse chairman Mohamed Farid said, according to Al Mal. This would allow unlisted companies to finance expansion without having to list on the market and expand their investor base. One very smart\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":593285,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/egyptian-exchange-issues-new-regs-on-book-building-process-for-ipos-secondary-offerings\/","url_meta":{"origin":652915,"position":2},"title":"Egyptian exchange issues new regs on book-building process for IPOs, secondary offerings","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"REGULATION WATCH- EGX issues new regs on book-building process for IPOs, secondary stake sales: The Egyptian bourse has issued new regulations allowing companies to amend the timeline for receiving orders during the book-building phase of an IPO or stake sale until two business days before the end of the originally\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/EGX-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557266,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/","url_meta":{"origin":652915,"position":3},"title":"The FRA is making it easier to list on the EGX","author":"enterpriseam admin","date":"13 September 2021","format":false,"excerpt":"Egypt\u2019s financial regulator is making it easier for large companies to list on the EGX. 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