GTH Board of Directors provides update on VEON’s Offer
Amsterdam (31 August 2018) – Global Telecom Holding S.A.E. (“GTH” or the “Company”) (EGX: GTHE.CA) Board of Directors announces that:
Over the last 2 months, the Board of Directors, including a committee comprising the Independent Directors, have been extensively considering the VEON Ltd. (“VEON”) offer of 2 July 2018 with the support of the Board’s appointed Independent Financial Adviser (“IFA”), approved by the Egyptian Financial Regulatory Authority (“FRA”), Fincorp Investment Holding S.A.E. (“Fincorp”), GTH’s management and other advisers.