REG - Edita Food Ind SAE - Board Resolution- Treasury Shares Cancelation

Edita Food Industries SAEAnnouncement

10/10/2023 14:45

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RNS Number : 6628P  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

 1)   Approval of the minutes of the previous Board of Directors Meeting (No.
 175) dated on 14/08/2023.

 2)   Approval of calling for an extraordinary general assembly ("EGM") and
 delegating the Chairman of the company in determining the place and method of
 convening the meeting and amending the date of meeting, as the case may be, to
 consider the following agenda:

 1.    Reduce the capital of the Company from EGP 144,611,687 (one hundred
 forty-four million six hundred eleven thousand six hundred eighty-seven
 Egyptian pounds) to EGP 140,002,731 (one hundred forty million two thousand
 seven hundred thirty-one Egyptian pounds) by way of Cancelling treasury shares
 of the company in the total of 23,044,783 (twenty-three million forty-four
 thousand seven hundred eighty-three) shares, each with par value of 0.20
 piasters, appearing in the company's financial position of 30 June 2023 and
 amend Articles (6) and (7) of the articles of association of the Company
 accordingly.

 2.    Amend the objective of the Company and amend Article (3) of the
 articles of association of the Company accordingly.

 3)   Approval of the ratification of the disclosure report pursuant to
 Article (48) of the EGX listing rules for the purpose of convening the EGM.

 4)   Approval of the delegation of the Chairman to take the necessary
 procedures regarding all submissions to coordinate with the competent
 authorities and make any amendments that may be required from the Financial
 Regulatory Authority pursuant to Article (48) of the EGX listing rules and the
 Chairman shall be entitled to delegate others in his sole discretion.

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

-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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