REG - Edita Food Ind SAE - OGM Summary of Resolutions

Edita Food Industries SAEAnnouncement

13/04/2022 16:00

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RNS Number : 3152I  Edita Food Industries S.A.E.  13 April 2022

Edita Food Industries S.A.E- Summary of Resolutions of the Ordinary General
Assembly Meeting of the company convened on Wednesday, 13 April 2022

Cairo, 13 April, 2022

Edita Food Industries SAE ("the Company") announces that the Ordinary General
Assembly Meeting of the Company convened on 13 April 2022 and resolved the
following resolutions by majority:

1.   Approved the Board of Directors report on Company's activities for the
fiscal year ending 31/12/2021, and ratified of the corporate governance annual
report & Auditor's report thereon;

2.   Approved the auditor's report for the standalone and consolidated
financial statements for the fiscal year ending 31/12/2021;

3.   Approved the Company's standalone and consolidated financial statements
for the fiscal year ending 31/12/2021;

4.   Approved the proposed profit distribution, which entails distribution
to the shareholders an amount of EGP 200 Million from the Company's profits
for the fiscal year ending December 31, 2021, by way of a coupon of 0.277 EGP
for each share, distributing to the employees an amount of EGP 40,750,000

5.   Approved discharging the members of the Board of Directors from their
responsibilities for the fiscal year ending 31/12/2021;

6.   Determining the Board of Directors' and Committees of the Board of
Directors allowance and remuneration for the fiscal year ending 31/12/2022 to
be 700,000 EGP per Board member including compensation, remuneration for
attendance ordinary and extraordinary general assembly meetings, board
meetings and committee meetings.

7.   Approved the donations granted during the fiscal year ending on
31/12/2021 which amounted to EGP 2,767,865 and authorizing the Board of
Directors to grant donations during the fiscal year ending 31/12/2022 with a
maximum of EGP 10 million;

8.    Accepting the apology letter by Mr. Ashraf Mamdouh Ahmed Diab,
"PricewaterhouseCoopers Office, Ezz El-Din, Diab and Partners Office" as the
company's auditor for the fiscal year ending on 12/31/2022, and appointing Mr.
Kamel Magdy Saleh, "Saleh Barsoum and Abdel Aziz's Deloitte office "as the
company's auditor for the financial year ending on 31/12/2022 and determining
his fees for reviewing the independent and consolidated annual and periodic
financial statements in the amount of EGP 1,850.00-

Ends

Contacts

Ms. Menna Shams El Din

Head of Investor Relations

T: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg
(mailto:%20menna.shamseldin@edita.com.eg)

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