Press releases 2012

25/12
26 June 2012
London Stock Exchange welcomes Egypt’s Orascom Telecom Media & Technology to Main Market

-      Egyptian telecommunications firm lists GDRs
-      12^th Egyptian company quoted on LSE                                                                                                

London Stock Exchange (LSE) today welcomes Orascom Telecom Media and Technology (OTMT) to its Main Market. The company has listed Global Depositary Receipts (GDRs).

The firm was the first MENA region company to use LSE’s Admitted to Trading Only (ATT-Only) facility, and has now graduated to a full listing of GDRs on the LSE.¹

To mark the listing Khaled Bichara, Chief Executive Officer of OTMT, joined Alastair Walmsley, Head of Equity Primary Markets at the LSE, to open trading in London this morning.

Alastair Walmsley, Head of Equity Primary Markets at the LSE, said:

“This listing demonstrates continued investor appetite for Egyptian companies in London. Orascom TMT will benefit from the heightened profile, unrivalled liquidity and investor access that a GDR listing on the LSE offers.”

Egyptian companies have raised £1 billion on the LSE since 2000. In the last twelve months the value of trading in Egyptian securities was £5.2 billion.

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For further information please contact:

Jonny Blostone                                Press Office +44 (0)20 7797 1222

                                                       newsroom@londonstockexchange.com

 

Notes to editors:

1. ATT-Only allows issuers’ securities to trade on LSE’s markets without taking up a full quotation. For full details of this facility click here.


About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com