REG - EFG-Hermes Holdings - BOD Summary of Resolutions

EFG Holding SAEAnnouncement

07/04/2022 08:45

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RNS Number : 6191H  EFG-Hermes Holdings SAE  07 April 2022

 

 

 

Summary of Resolutions for the Board of Directors Meeting Held on 06/04/2022

 

 

 

 

 

Cairo, April 7(th), 2022: EFG Hermes S.A.E. Board of Directors convened on
Wednesday 6/4/2022 at 3:00 p.m. (CLT) and:

 

1. Approved the proposed increase of the company's issued capital at par
value from EGP4,865,353,355 to EGP5,838,424,030; which represents an increase
of EGP973,070,675 through the distribution of (1) bonus share for every (5)
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 31/12/2021;

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 General
Assembly to approve the proposed capital increase 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;

4.  Authorized the Chairperson to invite the Company's Extraordinary General
Assembly to amend article 5 of the Company's Articles of Association with
regards to the Company's legal term.

 

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

 

Head of IR, Budgeting and Reporting - 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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