Cairo – Mubasher: Global Telecom Holding (GTH) on Sunday reported that its treasury share programme was 2.53 times oversubscribed.
The company said it will likely pay the cash value of the treasury stocks accepted within the programme to each shareholder via the local broker on or before 21 February 2017, GTH said in a filing to the Egyptian Exchange (EGX).
The number of treasury stocks available for sale has reached 1.328 billion shares, according to the company’s bourse filing on 16 January, which also showed that the number of shares to be accepted in the buyback programme will be 524.6 million.
GTH’s stock last traded up 1.53% on Thursday to close at EGP 7.3.
