REG - Edita Food Ind SAE - Edita's OGM Resolutions

Edita Food Industries SAEAnnouncement

07/11/2024 09:00

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RNS Number : 3552L  Edita Food Industries S.A.E.  07 November 2024

Edita Food Industries - Summary of Resolutions of the Ordinary General
Assembly Meeting of the company convened on Wednesday dated 06/11/2024

Giza, 06/11/2024

Edita Food Industries SAE ("the Company") announces that the Ordinary General
Assembly Meeting of the Company convened on 06/11/2024 and resolved the
following resolutions by majority:

1.  Update the General Assembly of the resolutions of the Board of Directors
convened on Tuesday dated 30/07/2024 including the resignation of Mr. Hassan
Mohamed Hassan Elkhatib from the Board of Directors as well as the Board of
Directors' committees, accordingly, the discharge of Mr. Hassan Mohamed Hassan
Elkhatib's liabilities for the financial year ending on 31/12/2024 was
approved.

 

Approval of the election of a non-executive independent Board Member through
cumulative voting and specifying his capacities as follows:

 

 #         Name                            Capacity      Entity of Representation
 1.        Mr. Ahmed Farouk Hamed Ghoneim  Board Member  Independent

 

Approval of granting the same remuneration and allowances of the Board of
Directors as well as the Committees of the Board of Directors for the
financial year ending on 31/12/2024 to the elected Board Member, which amounts
to EGP 1,250,000 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.

 

2.   Approved the proposed profit distribution list, which entails a
distribution to the shareholders amounting to EGP 400,000,000 from the
Company's profits for the financial year ending on 31/12/2023 to be
distributed by way of cash coupon amounting to approximately EGP 0.571 per
share and a distribution to the employees amounting to EGP 35,456,433 while
the Board of Directors have waived their percentage in said profit.

 

3.   Approved to grant a corporate guarantee by Edita Food Industries S.A.E
to Edita for Trade & Distribution S.A.E, Edita Confectionary Industries
S.A.E and Edita Frozen Food Industries S.A.E and to delegate Eng. Hani Nabih
Aziz Berzi - Chairman and Mr. Samir Nabih Aziz Berzi - Vice Chairman to solely
sign corporate guarantee agreements. Additionally, the authorized signatory
powers, bank signatures and spending limits which are annotated in the
commercial register of the Company shall remain unchanged.

 

4.   Approved to delegate the Board of Directors to conclude related party
agreements during the financial year ending 31/12/2024 as follows:

1.    Conclude a design and engineering consultancy agreement between Edita
Food Industries S.A.E and Cyril Aoun Design Studio L.L.C with an amount of
approximately EGP 3,000,000 (three million Egyptian pounds) excluding
applicable tax and expenses.

 

 

-Ends

 

Contacts

Ms. Menna Shams El Din

Chief Investor Relations 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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