REG - Edita Food Ind SAE - Edita's Board Resolutions dated 14 October 2024

Edita Food Industries SAEAnnouncement

14/10/2024 15:00

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RNS Number : 1095I  Edita Food Industries S.A.E.  14 October 2024

 

 

 

Edita Food Industries - Summary of Resolutions of the Board of Directors
Meeting of the company convened on Monday dated 14 October 2024

 

Giza, 14 October 2024

 

Edita Food Industries S.A.E. ("the Company") announces that the Board of
Directors Meeting of the Company convened on Monday dated 14 October 2024 and
unanimously resolved the following resolutions:

1)   Approved the minutes of the previous Board of Directors Meeting No.
(189) dated 13/08/2024.

2)   Approved the sale of used spare parts which are owned by Edita food
industries S.A.E to Edita Food Industries Morocco S.A in exchange of an amount
of EGP 419,960 in addition to delegating the Chairman of Board of Directors or
any person he authorizes to take all the necessary procedures and sign the
final contracts and take all necessary procedures to finalize this matter as
well as representing the Company before all governmental authorities and third
parties.

3)   Approved the proposed profit distribution list including the
distribution of part of the profits of the company for the financial year
ending on 31/12/2023 which entails distributing to the shareholders an amount
equal to EGP EGP 400,000,000 by way of cash coupon and decided to present it
to the OGM for its approval in its next meeting.

4)   Approved to call for the OGM and delegating the Chairman of the company
in determining the place and method of convening the meeting and amending the
date of meeting, as the case may be, to consider the following agenda:

1.    Electing a non-executive Independent Board Member and determining his
allowances and remuneration for the fiscal year ending on 31/12/2024.

2.    Consider approving the proposed profit distribution list including
the distribution of part of the profits of the company for the financial year
ending on 31/12/2023.

3.    Consider the approval of granting a corporate guarantee by Edita Food
Industries S.A.E to Edita for Trade and Distribution S.A.E, Edita
Confectionary Industries S.A.E and Edita Frozen Food Industries S.A.E.

4.    Consider approving the delegation of the Board of Directors to
conclude new related party agreements during the financial year ending on
31/12/2024.

5)   Approved the delegation of the Chairman to take the necessary
procedures for calling the OGM to convene and to include any additional agenda
items.

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

 

-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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