REG - Edita Food Ind SAE - Edita's approved OGM minutes

Edita Food Industries SAEAnnouncement

29/03/2023 09:15

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RNS Number : 6138U  Edita Food Industries S.A.E.  29 March 2023

Edita Food Industries S.A.E- Summary of Resolutions of the Ordinary General
Assembly Meeting of the company convened on Tuesday, 28 March 2023

Cairo, 28 March, 2023

Edita Food Industries SAE ("the Company") announces that the Ordinary General
Assembly Meeting of the Company convened on 28 March 2023 and resolved the
following resolutions by majority:

1.    Approved the Board of Directors report on Company's activities for
the fiscal year ending on 31/12/2022, and approved the corporate governance
annual report & the auditor's report thereon;

2.    Approved the auditor's report for the standalone and consolidated
financial statements for the fiscal year ending on 31/12/2022;

3.    Approved the Company's standalone and consolidated financial
statements for the fiscal year ending 31/12/2022;

4.    Approved the proposed profit distribution, which entails a
distribution to the shareholders amounting to EGP 400,000,000 from the
Company's profits for the fiscal year ending December 31, 2021 and a
distribution to the employees amounting to EGP 52,700,000 while the Board of
Directors have waived their percentage in said profit;

5.    Approved the discharge of the members of the Board of Directors from
their liabilities for the fiscal year ending on 31/12/2022;

6.    Determining the Board of Directors' and Committees of the Board of
Directors allowance and remuneration for the fiscal year ending on 31/12/2023
to be EGP 1,000,000 per Board member including compensation, remuneration for
attending the ordinary and extraordinary general assembly meetings, board
meetings and committee meetings;

7.    Approved the postponement of this decision of concluding related
party contracts

8.    Authorized the Board of Directors to grant donations during the
fiscal year ending on 31/12/2023 with a maximum of EGP 20,000,000 and approved
the donations granted during the fiscal year ending on 31/12/2022 which
amounted to EGP 410,362;

9.    Approved the conclusion of a lease contract between Edita Food
Industries S.A.E. and Edita Holding for Investment S.A.E. with a total annual
rental value of 10,600 Egyptian pounds (only ten thousand and six hundred
Egyptian pounds);

10.  Approved 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 31/12/2023 and determining his fees for reviewing the
standalone and consolidated annual and periodic financial statements in the
amount of USD 53,000 to be paid in Egyptian currency.

Ends

Contacts

Ms. Menna Shams El Din

Head of Investor Relations and 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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