REG - Edita Food Ind SAE - Edita Board Resolutions dated 21 July 2025

Edita Food Industries SAEAnnouncement

23/07/2025 07:00

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RNS Number : 2104S  Edita Food Industries S.A.E.  23 July 2025

 

 

 

Edita Food Industries - Summary of Resolutions of the Board of Directors
Meeting of the company convened on Monday dated 21 July 2025

 

Giza, 21 July 2025

 

Edita Food Industries S.A.E. ("the Company") announces that the Board of
Directors Meeting of the Company convened on Monday dated 21 July 2025 and
unanimously resolved the following resolutions:

1.    The Board of Directors unanimously approved the purchase of
 14,000,273 (Fourteen million, two hundred seventy-three) shares which is up
to 1% of the total outstanding shares of the Company as treasury shares as a
treasury shares through open market for a period of one month, noting that the
purchase of shares will be funded by the Company's resources, to be in
accordance with the market price to: (i) showcase to investors the company's
confidence in the stock's fundamentals, (ii) support the trade of the
company's share on the premise that such will ultimately deliver strong
returns once the crisis resolves. The Board of Director also delegated the
Chairman or anyone he delegates in taking all necessary procedures to execute
the purchase of treasury shares, including but not limited to signing on the
purchase orders.

 

2.    The Board of Directors unanimously approved appointing Alahly Pharos
Securities Brokerage Company S.A.E to act as the broker executing the
transaction related to the purchase of treasury shares.

 

 

 

-Ends

Contacts

 

Ms. Menna Shams El Din

Chief Investment Officer & Corporate Affairs

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

 

 

 

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