Last checked at 3 Apr 2023 15:11
Summary of Resolutions for the Board of Directors Meeting Held on 03/04/2023
Cairo, April 4th, 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