7 Apr 2020 08:45
Edita Food Industries - Announcement on Dividend Distribution
Cairo, April 7, 2020
In light of the resolution adopted at the Ordinary General Meeting of Edita Food Industries SAE convened on Monday, March 30, 2020 approving the proposed profit distribution, the Company announces that the dividend distribution announcement approved by Misr for Central Clearing, Depository and Registry (MCDR) will be published in the newspapers on April 7 2020. Set out below a summary of the details of the distribution announcement:
Date of General Meeting | 30 March 2020 |
Coupon No. | 16 |
Net value and currency of coupon | 0.20 EGP |
Date of cashing | 26 April 2020 |
End date of the right | 21 April 2020 |
Type of subscription | closed |
Cashing entity | Misr for Central Clearing, Depository and Registry (MCDR) |
Distribution period | 1/1/2019 - 31/12/2019 |
It is worth noting that the Company's Board of Directors meeting held on 5/4/2020 approved the purchase of 14,507,258 shares, which is equal to 2% of the total outstanding shares of the Company as treasury shares. Accordingly, the coupon value may increase with the number of treasury shares purchased during the period prior to the disbursement of the coupon, noting that we will announce the final value of the coupon and with the existing number of treasury shares on 16/4/2020 the latest. We shall stop the purchase of treasury shares by 15/4/2020 and resume the purchase process on 22/4/2020.
-Ends-
Contacts
Ms. Menna Shams El Din
Investor Relations and Business Development Senior DirectorT: +202 3851 6464 | M: +20 100 1542428 | menna.shamseldin@edita.com.eg
Edita Food Regs (EFID)