Last checked at 28 Sep 2021 08:38
TRANSLATION FROM ARABIC
Summary of Resolutions for the Ordinary General Meeting
EFG Hermes Holding S.A.E.
Held on September 28th, 2021
Resolution no.1
In light of the disclosure statement prepared in accordance with Article (48) of EGX Listing Rules, which was approved by the Financial Regulatory Authority (FRA) on 30/8/2021; the OGM approved the increase of the Company's issued capital from EGP4,611,709,340 to EGP4,865,353,355, representing an increase of EGP253,644,015 and distributed on 50,728,803 shares having a par value of EGP5 per share, for the purpose of the Remuneration & Incentive Program of the Employees, Managers & Executive Board Members of the Company and its subsidiaries. The issuance of the capital increase shares shall be financed from the share premium reserve as of 30/6/2021 in accordance with the financial statements issued on such date.
Resolution no.2
The OGM 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 EGP6 billion and issued capital of EGP4,865,353,355 distributed on 973,070,671 shares of a par value of EGP 5 each, and the issued capital has been paid in full.
Article (7) after amendment:
· Issued capital consists of 973,070,671 shares with a par value of EGP5 per share. The capital increase of EGP253,644,015 has been financed from the share premium reserve as of 30/6/2021 financial statements pursuant to the Ordinary General Assembly's resolution
For further information:
Investor Relations Department
Email: investor-relations@efg-hermes.com
Tel: +20 (0)2 35356710
Head of Investor Relations - Hanzada Nessim
Email: hnessim@efg-hermes.com
Tel: +20 (0)2 35356502
www.efg-hermes.com