Sigma Capital

19-06-2025

Mandatory Delisting for Golden Coast Company

Source: EGX

• The listing committee held on 18/06/2025 has approved to notify " Golden Coast Company " to go through the procedures of the mandatory delisting of its shares from the Egyptian Exchange, based on its listed and issued capital amounted to EGP 68,608,676 distributed over 171,521,690 shares, with par value of EGP 0.40 per share, represented in five issuances on the Egyptian Securities Listing Schedule "Shares" (Main Market), in accordance with the provisions of Article (53) of the Listing Rules and Article (73) of its Procedures Executive , due to the company’s failure to correct the correctable violations within the period granted to the company in accordance with the decision of the Listing Committee that held on 07/05/2025.
• The company shall be committed to buy its free-float shares owned by its shareholders wishing to sell or to ensure that others buy these shares - provided that the purchase is carried out within three months at most from the date of notifying the company of the committees decision. The shares are purchased at a price not less than the fair value determined by an independent financial advisor from those registered with the Authority appointed by the company for this purpose. The pledgee creditors (if any ) also have the right to sell their pledged shares that may represent a security for a debt owed by any of the shareholders at the same price, in accordance with the provisions of Article (53) of the EGX Listing Rules. The company shall also undertake to provide the Stock Exchange with evidence of payment of the Investor Protection Fund fees against non-commercial risks.
• The final de-listing of the companys shares from the EGX boards shall be presented to the Listing Committee after being notified by the EGX Operations Sector of the implementation of the companys purchase of all shares offered for sale by shareholders and other potential pledgee creditors, or after the lapse of a period of no more than three months from the date the company is notified of the committees decision to proceed with the delisting procedures.