(2016-11-28) Today: listing Pioneers Holding's shares of capital increase The Listing Committee held on Wednesday 23/11/2016 approved listing the issued and paid capital cut of Pioneers Holding (PIOH) to LE3,526,864,970 from LE3,542,031,245, with decrease amounting to LE15,166,275, through writing off 3,033,255 shares at a nominal value of LE5 per share.
Shares will be available for trading effectively on 27/11/2016 trading session.
Moreover, EGX approved listing the issued and paid capital increase of Pioneers to LE3,601,864,970 from LE3,526,864,970, amounting to LE75 million, distributed over 15 million shares, at a nominal value of LE5 per share.
It is worth mentioning that the capital hike will be funded from legal reserves, through the issuance of 15 million free stocks, allocated to employee stock ownership plan (ESOP).
Shares will be available for trading effectively on 28/11/2016, trading session.
