REG - EFG-Hermes Holdings - Extraordinary Meeting Summary of Resolutions

EFG Holding SAEAnnouncement

24/05/2023 07:45

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RNS Number : 4876A  EFG-Hermes Holdings SAE  24 May 2023

 

 

 

TRANSLATION FROM ARABIC

Summary of Resolutions for the Extraordinary General Meeting

EFG Hermes Holding S.A.E.

Held on May 24(th), 2023

 

 

Resolution no.1

The EGM approved the increase of the company's authorized capital from EGP
6,000,000,000 to EGP 30,000,000,000.

 

 

 

Resolution no.2

The EGM approved the increase of the company's issued and paid in capital from
EGP5,838,424,030 to EGP7,298,030,040 through the transfer of EGP1,459,606,010
from the retained earnings account as at 31/12/2022 to the capital increase
account and distributing  291,921,202 bonus shares representing (1) bonus
share for every 4 shares held by each shareholder, and authorized the CEO to
determine the bonus shares ex-date in accordance with the FRA, EGX and MCDR
procedures.

 

 

 

Resolution no.3

The EGM approved amending articles (6) and (7) of the company's statutes in
light of the proposed capital increase as follows:

 

Article (6) after amendment:

Authorized capital of EGP30 billion and issued/paid-in capital of
EGP7,298,030,040 distributed on 1,459,606,008 shares.

 

Article (7) after amendment:

Issued/paid-in capital consists of 1,459,606,008 shares with a par value of
EGP5 per share.

 

 

 

 

 

Resolution no.4

The EGM ratified the proposed change in the Company's name from EFG Hermes
Holding to EFG Holding, and amending article (2) of the Company's Statutes
accordingly.

 

 

 

:For further information

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 35357017

 

Head of 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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