Cairo – Mubasher: Arabian Food Industries (Domty) said Monday that trading on its global depository receipts will start next Wednesday on London Stock Exchange, according to a bourse filing.
The dairy firm secured all regulatory approvals to issue and cancel GDRs.
In June, the extraordinary general meeting gave the green light to converting 33% of shareholders’ equity into GDRs, which amounts to EGP 56.53 million divided into 282.6 million shares.
The transferring will amount to 5 local stocks for every 1 GDR.
