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

Edita Food Industries SAEAnnouncement

04/03/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240304:nRSD3638Fa&default-theme=true

RNS Number : 3638F  Edita Food Industries S.A.E.  03 March 2024

 

Edita Food Industries - Summary of Resolutions of the Board of Directors
Meeting of the company convened on Sunday dated 03/03/2024

 

Giza, 03/03/2024, Edita Food Industries S.A.E. ("the Company") announces that
the Board of Directors Meeting of the Company convened on Sunday dated
03/03/2024 and unanimously resolved the following resolutions:

 1)   Approval of the minutes of the previous Board of Directors Meeting (No.
 180) dated 05/11/2023.

 2)   Approval of the Company's balance sheet and profit and loss accounts
 and approved the Board of Directors' report for the Company's activities for
 the fiscal year ending on 31/12/2023  as well as the approval of  the
 corporate governance annual report and the Auditor's report thereon to be
 submitted to the ordinary general assembly.
 3)   Approval of the Auditor's report on the standalone and consolidated
 financial statements for the fiscal year ending on 31/12/2023 to be submitted
 to the ordinary general assembly.

 4)   Approval of the Company's standalone and consolidated financial
 statements for the fiscal year ending on 31/12/2023 to be submitted to the
 ordinary general assembly.

 5)   Approval of the distribution of dividends for the fiscal year ending on
 31/12/2023, to be submitted to the ordinary general meeting, which comprises
 of:

 1.    distributing cash dividends for the fiscal year ending on 31/12/2023
 on the shareholders in the amount of EGP 300 Million, by way of a coupon of
 0.429 EGP for each share, to be presented to the ordinary general meeting for
 its approval.

 2.    Allocating an amount of EGP 140,002,731.2 from the retained earnings
 according to the financial statements of 31/12/2023 to be distributed by way
 of free shares.  This is Subject to the Ordinary General Assembly approval on
 the profit distribution proposed by the Board of Directors in relation to the
 allocation of an amount of EGP 140,002,731.2to be distributed as free shares.
 The distribution of said shares shall be subject to undertaking the necessary
 procedures and approvals in accordance with EGX listing rules.

 

 6)   Approval of calling for the Ordinary General Meeting to convene and
 delegating the Chairman of the company in determining the place and
 methodology of convening the meeting and amending the date of meeting, as the
 case may be, to consider the following agenda:

 1.    Approving the Board of Directors report on Company's activities for
 the fiscal year ending

 31/12/2023, and approving the corporate governance annual report and the
 Auditor's report thereon;

 2.    Approving the auditor's report for the standalone and consolidated
 financial statements for the fiscal year ending 31/12/2023;

 3.    Approving the Company's standalone and consolidated financial
 statements for the fiscal year ending 31/12/2023;

 4.    Approving the proposed profit distribution, which comprises of a
 profit distribution for the fiscal year ending on 31/12/2023;

 5.    Discharging the members of the Board of Directors from their
 liabilities for the fiscal year ending 31/12/2023;

 6.    Electing the Board of Directors and specifying their capacities, and
 determining allowances and remuneration for the fiscal year ending 31/12/2024
 and determining the signatory authorities and the spending limit of the
 Company;

 7.    Authorizing the Board of Directors in concluding related party
 contracts during the fiscal year ending 31/12/2024;

 8.    Approve the renewal of the Management Agreement with Eng. Hani Nabih
 Berzi;

 9.    Approve the related party agreements concluded by Edita Food
 Industries S.A.E Subsidiaries during the fiscal year ending 31/12/2023;

 10.  Authorizing the Board of Directors to grant donations during the fiscal
 year ending 31/12/2024, and approve the donations granted during the fiscal
 year ending 31/12/2023; and

 11.  Appointing the Company's auditor for the fiscal year ending 31/12/2024
 and determining his remuneration.

 

 7)   The Board of Directors has been updated on the audit committee report.

 8)   The Board of Directors has been updated with the remuneration committee
 report.

-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)

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMQKNBBPBKDQNK