Orascom Telecom Holding and Orascom Telecom Media and Technology Holding (OTMT) — and will resume trading on the Egyptian Exchange (EGX) on January 3, 2012.

The demerger was announced in November and was approved by OTH shareholders at its extraordinary general assembly meetings held on April 14, 2011 and October 23, 2011.

OTH will start trading at LE 1.73 per share and OTMT at LE 1.25. The EGX limits on share price movements will be suspended for the first day of trading on both companies.

The EGX listing commmittee held on December 29, 2011 approved the listing of Orascom Telecom Holding's issued capital shares at LE 3,042,500,559.60 after the split at a nominal value after amendment of LE 0.58 per share with 5.2 billion shares.

OTMT will be listed with an issued capital of LE 2,203,190,060.40 distributed over 5.2 billion shares at a nominal value of LE 0.42 per share.

According to OT, assets to be transferred to OTMT will include the following:
−    28.755% shareholding interest in Mobinil for Telecommunications (Mobinil)
−    20.00% shareholding interest in the Egyptian Company for Mobile Services S.A.E. (“ECMS”)
−    75% shareholding interest in CHEO Technology Joint (“Koryolink”), and all other assets and businesses operated by the Company in North Korea
−    95% shareholding interest in ORABANK N. K. (North Korea)
−    100% (direct and indirect) shareholding interest in Middle East and North Africa for Sea Cables (Free Zone II)
−    51% shareholding interest in Trans World Associates (Private) Ltd (Pakistan) - 100% shareholding interest in Med Cable Limited (UK)
−    99.99% shareholding interest in Orascom Telecom Ventures S.A.E. (“OT Ventures”)
−    1% shareholding interest in ARPU for Telecommunication Services S.A.E. (“ARPU”) (OT Ventures holds a 98.5% shareholding interest in ARPU). bt