Odin Investments has completed the company split into two, with both company’s shares to start trading today.
More details🧐 Odin for Financial Investments (ODIN), the dividing company will retain 39.2% of the company’s capital. Odin for Investment & Development (ODID), the divided company, will be given the remaining 60.8% of capital.
ODIN had last closed at EGP 2.93/share on the 24th of November, 2021.
Why is this important🤔 Based on the above capital allocations, Odin for Financial Investments (ODIN) will start trading at EGP 1.149/share (closing price X 39.2%), while Odin for Investment & Development (ODID) will start trading at EGP 1.781 (closing price X 60.8%).
Trading on both ODIN & ODID will not be subject to price movement limits today only, the first trading session after the split.
