Listing Announcements
Listing the Shares of Egypt Education Platform - EEP (Temporary Listing)
Published at 10 May 2026 at 09:20منصة مصر للتعليم
AI Summary
AI-powered disclosure summary — Coming soon 🔜
The Listing Committee held on 06/05/2026 has approved the following:
- Listing the shares of Egypt
Education Platform -EEP (temporary listing) with an issued capital
of EGP 1,993,750,000 distributed over 199,375,000 shares with a par value of EGP 10.00 per
share represented
in 8 issuances, in the Egyptian Securities Listing Board
(Shares) - “Main Market, in accordance with Articles (1 bis), (6), (7) and (18)
of the rules for listing and delisting securities on the Egyptian Exchange.
- The company is committed to fulfill the items (1, 2, 3) of
Article (7) of the Listing Rules and complete the registration procedures with
the Financial Regulatory Authority (FRA) in accordance with the rules
determined by the Board of Directors of the Financial Regulatory Authority
(FRA), also applying to the (EGX) to execute the offering of its shares within
six months from the date of temporary listing.
-
In all cases, the company's shares shall not be traded
during the period from the date of the temporary Listing until the start of
trading of these shares (after the offering), except with the approval of
(FRA). The temporary Listing shall be deemed
as if it did not exist, in case of the company does not implement its share
offering and fulfill the conditions and requirements for final listing within
six months from the date of temporary listing ,The said deadline may be
extended with the approval of (FRA) in cases it deems appropriate based on the
justifications and time plan that submitted by the company.
- The
company must adhere, throughout the temporary Listing period to the obligations
stipulated in clauses (1 to 4) of Article (48) of these rules.
- Provided
that the shareholders undertake that the retention percentage of each
shareholder owning 10% or more of the company’s shares, and/or those replacing
them upon listing from among the company’s other shareholders, shall not be
less than 51% of their respective shareholding in the company’s capital, and in
all cases not less than 25% of the total shares of the company , until the
approval of the financial statements for the fiscal year in which the
conditions set forth in item (5) and/or item (8), as the case may be, of
Article (7) are fulfilled, and for a period of not less than twenty-four (24)
calendar months, with the issuance of periodic financial statements for two
fiscal years from the date of listing on the stock exchange.
-
Provided
that the same aforementioned percentage shall be maintained in any increase in
the company’s capital during the same period, excluding bonus shares.
-
The
company is hereby notified of its obligation to comply with the provisions of
Law No. (121) of 1982 regarding the importers’ register, and the exception
issued by Law No. (173) of 2023 regarding the registration of some companies
not owned by Egyptians or owned by them at a percentage less than (51%) of some
provisions of Law No. (121) of 1982.
- The company’s shares shall be added on the EGX’s database
under the sector of " Educational Services” as of Wednesday 13/05/2026
trading session.
- Provided
that the company submits all required documents before trading on the company’s
shares begins.