(2017-02-19) Global Telecom obtains FSA nod on cancellation of GDR program Global Telecom Holding S.A.E. (GTH) (GTHE) announced in a statement sent to EGX, that Egyptian Financial Supervisory Authority (EFSA) approved the decisions which were taken in the recent extraordinary general assembly, convened on February 6, 2017, regarding the cancellation of Global Deposit Receipt (GDR) program.
It is worth mentioning, the company estimated the official cancellation will be on March 8, 2017, as well as cancellation of deposit agreements by April 17, 2017.