Last checked at 24 May 2023 07:31
TRANSLATION FROM ARABIC
Summary of Resolutions for the Extraordinary General Meeting
EFG Hermes Holding S.A.E.
Held on May 24th, 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