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Integrated Diagnostics Holdings plc
EGX Delisting - timeline under EGX's
special operations market (OPR)
13 August 2024
Integrated Diagnostics Holdings plc
("IDH" or the "Company") refers to the shareholder
resolutions passed at the Company's Extraordinary General Meetings
held on 12 June 2024 and 18 July 2024 approving, amongst other
things, the voluntary delisting (the "EGX Delisting") of the Company's
ordinary shares (the "Shares") from the Egyptian Exchange
(the "EGX") and the
Company's repurchase of Shares from shareholders who hold Shares
traded on the EGX held by Misr for Central Clearing, Depository and
Registry ("EGX Shares", and
such shareholders, "EGX
Shareholders") if so required by
such EGX Shareholders during the relevant buyback period (the
"Delisting Share
Buyback").
Pursuant to the Delisting Share
Buyback, the Company has today announced the opening of the EGX's
special operations market (OPR) pursuant to which EGX Shareholders
can tender their EGX Shares to the Company during the period from
the commencement of the trading session on Sunday 18 August 2024 to
the close of the trading session on Thursday 22 August 2024, at a
price of EGP 20 (twenty Egyptian pounds) per EGX Share. The Company
undertakes to purchase all EGX Shares tendered during this period
through the special operations market (OPR).
The brokerage firm representing the
Company in the share purchase process under the special operations
market (OPR) is EFG-Hermes International Securities Brokerage,
located at Smart Village, Km 28 - Cairo-Alexandria Desert Road,
Giza.
Shareholders should note that,
following the close of the special operations market (OPR) and the
subsequent decision of the EGX's Listing Committee to delist the
Company's Shares and remove the same from its database, any EGX
Shares not tendered through the special operations market (OPR)
will no longer be capable of being traded on the EGX and will,
subject to all applicable terms and conditions and all necessary
steps having been taken, be capable of being traded on the main
market for listed securities of the London Stock Exchange, which
will become the sole listing venue of the Company.
For further information please
contact:
Integrated Diagnostics Holdings
plc
Tarek Yehia
Investor Relations
Director
T: +20 (0)2 3332 1126 | M: +20 10
6882 6678 | tarek.yehia@idhcorp.com
Company Secretary
Company Matters
IDHLondon@linkgroup.co.uk
-Ends-
About Integrated Diagnostics
Holdings (IDH)
IDH is a leading diagnostics
services provider in the Middle East and Africa offering a broad
range of clinical pathology and radiology tests to patients in Egypt,
Jordan, Nigeria, Sudan and Saudi Arabia. The Group's core brands include Al Borg, Al
Borg Scan and Al Mokhtabar in Egypt, as well as Biolab
(Jordan), Echo-Lab (Nigeria), Ultralab and Al Mokhtabar Sudan
(both in Sudan), and Biolab KSA (Saudi Arabia).
With over 40 years of experience, a long track record for quality
and safety has earned the Company a trusted reputation, as well as
internationally recognised accreditations for its portfolio of
over 3 ,000
diagnostics tests. From its base of 601 branches as of 31
December 2023, IDH
served over 8. 5 million
patients and performed more than 36.1 million tests in 2023. IDH will continue to add
laboratories through a Hub, Spoke and Spike business model that
provides a scalable platform for efficient expansion. Beyond
organic growth, the Group targets expansion in appealing markets,
including acquisitions in the Middle Eastern, African, and
East Asian markets where its model is well-suited to capitalise on
similar healthcare and consumer trends and capture a significant
share of fragmented markets. IDH is a Jersey-registered
entity (i) whose shares are admitted to the equity shares
(transition) category (previously, the standard listing segment) of
the Official List of the UK Financial Conduct Authority and
admitted to trading on the main market for listed securities of the
London Stock Exchange (ticker: IDHC) since May 2015, and (ii) with
a secondary listing on the Egyptian Exchange since May 2021
(ticker: IDHC.CA).
Learn more at idhcorp.com.