REG - Edita Food Ind SAE - EGM minutes

Edita Food Industries SAEAnnouncement

27/11/2023 10:00

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RNS Number : 7606U  Edita Food Industries S.A.E.  27 November 2023

 

 

Edita Food Industries S.A.E- Summary of Resolutions of the Extraordinary
General Assembly Meeting of the company convened on Sunday 26 November 2023

Cairo, 26 November 2023

Edita Food Industries SAE ("the Company") announces that the Extraordinary
General Assembly Meeting of the Company convened on Sunday 26 November 2023
and resolved the following resolutions by majority:

1.    Approved the amendment of the objective of the company and
accordingly amend Article (3) of the company's articles of association to read
as follows:

 

Article (3) before amendment:

 

The objective of the company shall be:

 

Producing, manufacturing, packaging and wrapping all food products and
manufacturing, producing and packaging juices, jams, finished goods and
finished dry meals made of dough and manufactured with flour, dairy products,
meat, vegetables, fruits, chocolate, natural and vegan cream as well as other
required food and ingredients.

 

The company may carry out other projects or amend its objective in accordance
with the provisions of the investment law subject to the approval of the
General Authority for Investment and Free Zones and without prejudice to the
provisions of the laws of the Arab Republic of Egypt, the Company may as well
engage or cooperate in any manner whatsoever with different companies
regardless their forms.

 

 

Article (3) after amendment:

 

The objective of the company shall be:

 

Producing, manufacturing, packaging and wrapping all food products and
manufacturing, producing and packaging juices, jams, finished goods and
finished dry meals made of dough and manufactured with flour, dairy products,
meat, vegetables, fruits, chocolate, natural and

 

 

 vegan cream as well as other required food and ingredients. The company may
carry out toll manufacturing.

 

The company may carry out other projects or amend its objective in accordance
with the provisions of the investment law subject to the approval of the
General Authority for Investment and Free Zones and without prejudice to the
provisions of the laws of the Arab Republic of Egypt, the Company may as well
engage or cooperate in any manner whatsoever with different companies
regardless their forms.

 

2.    Approved the reduction of the capital of the Company from EGP
144,611,687.8 (one hundred forty-four million six hundred eleven thousand six
hundred eighty-seven Egyptian pounds and eighty piasters) to EGP 140,002,731.2
(one hundred forty million two thousand seven hundred thirty-one Egyptian
pounds and twenty piasters) by way of Cancelling treasury shares of the
company in the total of 23,044,783 (twenty-three million forty-four thousand
seven hundred eighty-three) shares, each with par value of 0.20 piasters.

 

3.    Approved the amendment of  Articles (6) and (7) of the articles of
association of the Company accordingly to be as follows:

 

Article (6) before amendment:

 

The Company's authorized capital amounts to EGP 360,000,000 (Only Three
Hundred Sixty Million Egyptian pounds), and the issued capital shall amount to
EGP 144,611,687.80 (Only One Hundred Forty-Four Million Six Hundred Eleven
Thousand Six Hundred Eighty-Seven Egyptian pounds and Eighty piasters);
divided into 723,058,439 shares; the value of each share is EGP 0.20 (twenty
piasters); all of which are cash shares.

 

Article (6) after amendment:

 

The Company's authorized capital amounts to EGP 360,000,000 (Only Three
Hundred Sixty Million Egyptian pounds), and the issued capital shall amount to
EGP 140,002,731.20 (Only One Hundred Forty-Four Million Two Thousand Seven
Hundred Thirty-One Egyptian pounds and twenty piasters); divided into
700,013,656 shares; the value of each share is EGP 0.20 (twenty piasters); all
of which are cash shares.

 

 

 

 

Article (7) before amendment:

 

The capital of the company is 723,058,439 shares (seven hundred twenty-three
million fifty-eight thousand four hundred thirty-nine shares) and all the
shares of the company are nominal shares. The subscription to the capital has
been carried out

 

The company's issued capital has been paid by virtue of the annotation at the
commercial register. The company's issued capital has been decreased by an
amount of EGP 460,892.2, by cancelling the treasury shares at nominal value,
amounting to 2,304,461 shares, pursuant to the report No. 1591/2021 issued by
the Economic Performance Department based on the company's financial position
on 31/12/2021 and accordingly the company's issued share capital, after the
decrease, shall be EGP 144,661,687.8 paid in full.

 

Article (7) after amendment:

 

The capital of the company is 700,013,656 shares (seven hundred million
thirteen thousand six hundred fifty-six shares) and all the shares of the
company are nominal shares. The subscription to the capital has been carried
out.

 

The company's issued capital has been paid by virtue of the annotation at the
commercial register. The company's issued capital has been decreased by an
amount of EGP 4,608,956.6, by cancelling the treasury shares at nominal value,
amounting to 23,044,783 shares, pursuant to the report No. 2486 of 2023 issued
by the Economic Performance Department based on the company's financial
position on 30 June 2023 and accordingly the company's issued share capital,
after the decrease, shall be EGP 140,002,731.2 paid in full.

 

 

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)

 

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