REG - Edita Food Ind SAE - Edita submits an offer to acquire a food company

Edita Food Industries SAEAnnouncement

27/02/2023 08:15

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RNS Number : 1247R  Edita Food Industries S.A.E.  27 February 2023

Edita Food Industries - Summary of Resolutions of the Board of Directors
Meeting of the company convened on 26/2/2023.

Cairo, 27/2/2023

Edita Food Industries SAE ("the Company") announces that the Board of
Directors Meeting of the Company convened on 26/2/2023 and unanimously
resolved the following resolutions:

 1)    The Board of Directors unanimously approved the minutes of the
 previous Board of Directors Meeting No. (167) dated 10/1/2023.

 2)    The Board of Directors unanimously approved the offer to acquire 100%
 of the issued share capital of a company not listed on the Egyptian Stock
 Exchange and undertaking food industry activities, as well as authorizing Eng.
 Hani Nabih Aziz Berzi - Chairman of the Board of Directors or his
 representative to submit and determine the terms of the offer, sign the offer
 and take the necessary procedures and approvals required in accordance with
 the relevant laws, noting that the execution of the acquisition transaction is
 conditional upon the completion of all legal and regulatory requirements.

 3)    The Board of Directors unanimously approved the authorization of Eng.
 Hani Nabih Aziz Berzi - Chairman of the Board of Directors to appoint an
 independent financial advisor registered in the FRA, determine his fees, sign
 the relevant contracts and take the necessary measures in accordance with
 Article (44) of the Listing Rules.

 

 

 

-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
(mailto:%20menna.shamseldin@edita.com.eg)

 

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