REG - Edita Food Ind SAE - Edita's Board Resolution- 3Q2021

Edita Food Industries SAEAnnouncement

02/11/2021 15:45

RNS Number : 1114R
  
Edita Food Industries S.A.E.
  
02 November 2021
  
 


Edita Food Industries - Summary of Resolutions of the Board of Directors Meeting of the company convened on Tuesday, 02 November 2021

Cairo, 02 November, 2021
Edita Food Industries SAE ("the Company") announces that the Board of Directors Meeting of the Company convened on 02 November 2021 and unanimously resolved the following resolutions: 
1.    Approved the minutes of the previous Board of Directors (no. 155) dated 02/08/2021;
2.    Approved the Board of Directors' report for the Company's activities for the financial period ending on 30 September 2021.
3.   Approved the Auditor's limited review report for the standalone and consolidated financial statements for the financial period ending on 30 September 2021.
4.  Approved the standalone and consolidated financial statements for the financial period ending on 30 September 2021.
5.  Update the Board of Directors' on the commencement of the operation of Edita Morocco, with the first production line producing "Hohos" cakes. Total investment cost to date is around EGP 200 million, including construction of the factory and the cake's production line with a capacity of 2.7 thousand tons annually.
6.    Approved the amendment of the Company's signatory authorities. 
7.    Approved the reconstitution of the Remuneration Committee. 
8.    Updated the Board of Directors' on the Remuneration Committee report. 
9.    Updated the Board of Directors' on the Audit Committee report.
 
-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
 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
STRBTBATMTJMBFB