ArabFinance: The Financial Regulatory Authority (FRA) approved on Jan. 28, publishing Beltone Financial Holding's (BTFH) invitation for its shareholders to subscribe to the uncovered shares in the first round of capital increase subscription. The company will offer uncovered shares which are 25,715,386 shares out of 280,185,715 shares.

The 2nd round of subscription will be lasting 3 days starting Sunday, Feb. 02 till Tuesday, Feb. 04, 2020. The existing shareholders who have the rights and right buyers during the 1st round of subscription are entitled to subscribe.

The subscription's first-round lasted from Dec. 18, 2019, till Jan. 19, 2020.

Beltone's OGM decided on Aug. 01, 2019, to increase the issued capital by issuing 280,185,715 shares, amounting to EGP 560,371,430. The shares were allocated to existing shareholders at par value of EGP 2/share and outlay costs of EGP 0.02/share.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.