The public and private offerings of United Bank (UBEE.CA) shares were implemented in a trading session today, Wednesday, December 4, 2024, for a number of 330 million shares, representing 30% of the issued capital shares, at a price of 13.85 pounds per share in two tranches (public and private) with a total value of 4,570,500,000 pounds.
The management of the Egyptian Stock Exchange announced that, in today’s trading session, Wednesday, December 4, 2024, the public and private offering of shares of the United Bank “UBEE.CA” was implemented for 330 million shares, representing 30% of the issued capital shares, at a price of 13.85 pounds per share in two tranches “general”. “Private” with a total value of 4,570,500,000 pounds.
The stock exchange stated, in a statement, that the first tranche, the “private offering,” includes 313.5 million shares, representing 95% of the total shares offered for sale and 28.50% of the total issued capital shares, with a value of 4,341,975,000 pounds.
She added that the second tranche, “public offering”: 16.5 million shares, representing 5% of the total shares offered for sale and 1.50% of the total issued capital shares, with a value of 228,525,000 pounds.
The process of listing and offering the shares of the United Bank on the Egyptian Stock Exchange was characterized by high professionalism, within a framework of complete coordination between the Egyptian Stock Exchange, the General Authority for Financial Supervision, the Central Bank, the Misr Clearing, Depository and Central Registry Company, the offering manager, and all the brokerage companies that participated in the offering process.
The bank applied for registration on October 16, 2024, and the listing committee approved the registration of its shares on October 23, 2024. Subscription to the first tranche “private offering” was opened in the period from November 20, 2024 to November 25, 2024.
While subscription to the second tranche “public offering” was opened from November 27, 2024 to December 3, 2024, and the offering was fully implemented at the beginning of today’s trading session, December 4, 2024, it was also made possible to return surplus funds to Offering client accounts on the same day.
