REG - Edita Food Ind SAE - Edita OGM Resolutions dated 6 April 2025

Edita Food Industries SAEAnnouncement

07/04/2025 07:00

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RNS Number : 8196D  Edita Food Industries S.A.E.  06 April 2025

Edita Food Industries - Summary of Resolutions of the Ordinary General
Assembly Meeting of the company convened on Thursday dated 06/04/2025

Giza, 06/04/2025

Edita Food Industries SAE ("the Company") announces that the Ordinary General
Assembly Meeting of the Company convened on 06/04/2025 and resolved the
following resolutions by majority:

1.   Approved the Board of Directors report on Company's activities for the
financial year ending on 31/12/2024, and approved the corporate governance
annual report & the auditor's report thereon

2.   Approved the auditor's report related to the standalone and consolidated
financial statements for the financial year ending on 31/12/2024

3.    Approved the Company's standalone and consolidated financial
statements for the financial year ending on 31/12/2024

4.    Approved the proposed profit distribution, which includes the
distribution of part of the profits for the fiscal year ending on 31/12/2024
to the shareholders amounting to EGP 800,100,000, by way of cash coupon,
approximately amounting to EGP 1.1429  per share, disbursed to shareholders
in two (2) equal instalments and delegating the Chairman in determining the
disbursement dates after coordination with MCDR and EGX in addition to a
distribution to the employees amounting to EGP 88,900,000 , while the Board of
Directors have waived their percentage in said profit.

5.   Approval of the discharge of the Board of Directors from their
liabilities for the financial year ending on 31/12/2024;

6.    Approval of the Board of Directors' remuneration and allowances as
well as the Committees of the Board of Directors for the financial year ending
on 31/12/2024 to be an amount of EGP1,250,000 for each Board Member including
the remuneration and the allowances regarding the Ordinary General Assembly,
Extraordinary General Assembly meetings, the Board of Directors meetings in
addition to the Committees of the Board of Directors, without the
participation of the Board of Directors on this resolution.

7.   Authorized the Board of Directors to grant donations during the fiscal
year ending on 31/12/2025 with a maximum amount of EGP 10 million and approved
the donations granted during the fiscal year ending on 31/12/2024 which
amounted to EGP 33,750

8.    Approval of the renewal of appointment of Mr. Kamel Magdy Saleh,
"Saleh, Barsoum and Abdel Aziz firm "Grant Thornton"" as the company's auditor
for the financial year ending on 31/12/2025 and authorizing the Board of
Directors to determine his fees for reviewing the standalone and consolidated
annual and periodic financial statements with a maximum amount of USD 74,000
to be paid in Egyptian currency.

 

9.   Approved the delegation of Chairman Hani Nabih Aziz Berzi or whoever he
delegates in concluding agreements between Edita Food Industries and its
subsidiaries during the fiscal year ending on 31/12/2025 as well as signing
final agreements and any amendments in relation thereto as follows:

1.   Concluding agreements between Edita Food Industries S.A.E and Edita for
Trade and Distribution S.A.E during the financial year 31/12/2025 within an
amount of EGP 10 million, excluding tax.

2.   Concluding agreements between Edita Food Industries S.A.E and Edita
Confectionary Industries S.A.E during the financial year 31/12/2025 within an
amount of EGP 30 million, excluding tax.

3.   Concluding agreements between Edita Food Industries S.A.E and Edita
Frozen Food Industries S.A.E during the financial year 31/12/2025 within an
amount of EGP 30 million, excluding tax.

 

-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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