REG - Edita Food Ind SAE - Board Resolution- Sale of Machinery

Edita Food Industries SAEAnnouncement

10/10/2023 14:45

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RNS Number : 6629P  Edita Food Industries S.A.E.  10 October 2023

 

Edita Food Industries - Summary of Resolutions of the Board of Directors
Meeting of the company convened on Tuesday dated 10/10/2023

 

Giza, 10/10/2023

 Edita Food Industries S.A.E. ("the Company") announces that the Board of
 Directors Meeting of the Company convened on Tuesday, 10/10/2023 and
 unanimously resolved the following resolutions:

 1)   Approval of the minutes of the previous Board of Directors Meeting (No.
 176) dated on 10/10/2023.

 2)   Approval of the sale of machinery and equipment to Edita Frozen Food
 Industries S.A.E. - with approximately EGP 20,000,000 (twenty million Egyptian
 pounds) and delegating the Chairman of Board of Directors or any person he
 authorizes to take all the necessary procedures, determine the final price and
 sign the final contract of the machinery and equipment.

 3)   Approval of the proposed dividend distribution report including the
 distribution of part of the retained earnings appearing in the Company's
 financial statements of 31 December 2022 which entails distributing to the
 shareholders an amount equal to EGP 299,700,000 (two hundred ninety-nine
 million seven hundred thousand Egyptian pounds) by way of cash coupon and
 decided to present it to the general assembly for its approval in its next
 meeting.

 4)   Approval of the calling of the Ordinary General Meeting of the Company
 to convene and delegating the Chairman of the Company in determining the place
 and way of convening the meeting and amending the date of meeting -if needed-
 to consider

 5)   Approval of the delegation of the Chairman and Managing Director to
 take the necessary procedures for calling the ordinary general assembly
 meeting to convene and to include any additional agenda items.

 

 

-Ends

Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development Director

T: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg
(mailto:%20menna.shamseldin@edita.com.eg)

 

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