GTH appoints Kamco and FinCorp as financial advisors for the valuation of the VEON offer and appoints Andrew Kemp as its new Chairman of the Board of Directors
Cairo (11 July 2018) – Global Telecom Holding S.A.E. (“GTH” or the “Company”) (EGX: GTHE.CA) announces that the Board has decided, based on votes of only the independent directors of the Board (Mr. Iskandar Shalaby Naguib Rizk Shalaby and Mr. Hassan Mohamed Elshafei Abdel-Hamid) to appoint KAMCO Investment Company K.S.C. and Fincorp Investment Holding S.A.E., an independent financial advisor approved by the Financial Regulatory Authority, to issue their reports on the offer received from VEON Ltd. on 2 July 2018. The other directors of the Board abstained from voting on this matter.