REG - EFG-Hermes Holdings - BOD Summary of Resolutions- Bonus Shares

EFG Holding SAEAnnouncement

03/04/2023 15:15

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RNS Number : 2006V  EFG-Hermes Holdings SAE  03 April 2023

 

 

 

Summary of Resolutions for the Board of Directors Meeting Held on 03/04/2023

 

 

 

 

 

Cairo, April 4(th), 2023: EFG Hermes S.A.E. Board of Directors convened on
Monday 3/4/2023 at 3:00 p.m. (CLT) and:

 

1.   Approved the proposed increase of:

i)      The Company's authorized capital from EGP6,000,000,000 to
EGP30,000,000,000;

ii)   The Company's issued capital at par value from EGP5,838,424,030 to
EGP7,298,030,040; which represents an increase of EGP1,459,606,010 through the
distribution of (1) bonus share for every (4) shares held by each shareholder.
The increase shall be financed from the retained earnings account as presented
in the financial statements for the year ended 31/12/2022;

2.  Approved the capital increase disclosure form prepared in accordance
with Article (48) of EGX Listing Rules, and authorized the Company's
Chairperson to introduce any changes required by the Financial Regulatory
Authority "FRA" in this regard;

3.  Authorized the Chairperson to invite the Company's Ordinary and
Extraordinary General Assembly to approve the proposed authorized and issued
capital increases and the amendment of articles 6 & 7 of the Company's
Articles of Association accordingly after the approval of the disclosure form
by the FRA.

 

 

 

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

 

Group Head of Corporate Strategy & Investor Relations - Hanzada Nessim

Email: hnessim@efg-hermes.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

www.efg-hermes.com

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