REG - Telecom Egypt S.A.E - Resolutions of OGM <Origin Href="QuoteRef">ETEL.CA</Origin>

Telecom Egypt Co SAEAnnouncement

29/10/2014 10:01

RNS Number : 0536R
Telecom Egypt S.A.E
08 September 2014
Telecom Egypt
An Egyptian Joint Stock Company 
Resolutions of the ordinary General Meeting 
Convened on Monday, 8th of September 2014 
Resolution No. 1
The Ordinary General Assembly of Telecom Egypt held on Monday, 8 of September 2014, by unanimous vote of the Shareholders present and represented in the Meeting, approved the proposed interim dividends of 5 U.S Cent per ordinary share, under the account of profits for the financial year ended on December 31, 2014, according to the interim financial reports for the half year period ending June 30, 2014 as follows:
In LE 1,000
Description
1,133,899
Net Profit for the year
18,054
Profit carried forward from the previous year
1,151,953

To be distributed as follows:
56,695
Legal Reserve
611,563
Shareholders' share*
67,951
Employees' share*
415,744
Profit carried forward for the next year
*According to the Central Bank of Egypt (CBE) exchange rate, on 6 August,2014, of 7.16505 EGP per US Dollar
Therefore, the interim cash dividend under the account of profits for the financial year ending on December 31,2014 per ordinary share shall be 0.05 U.S Dollars (i.e.:5 U.S Cent/ordinary share).
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Chairman
Eng. Omar El Sheikh

This information is provided by RNS
The company news service from the London Stock Exchange
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