Cairo – Mubahser: The shares repurchasing program of both Amer Group and Porto Group was covered five times by the end of Wednesday trading session, according to the data registered on the Egyptian Exchange OPR market.
Amer Group total selling orders amounted to 661.42 million shares representing 18.9% of the total 125 million treasury stocks offered by the company , with coverage ratio of 5.2 times.
Meanwhile, Porto Group total selling orders reached 606 million shares representing 20.6% of the total treasury stocks offered by the company, with coverage ratio of 4.8 times.
The Egyptian Exchange opened the OPR market on 20 January to allow the investors to place their selling orders in respect to both Amer Group and Porto Group treasury stocks buyback program at offer price of EGP 0.43 per share.
