Board of Directors Meeting March 2016

Cairo, March 2016

The Board of Directors in its meetings March, 2016 unanimously resolved the following:

1. Approved the minutes of the previous Board of Directors Meeting.

2. Approve the auditor's Report on the independent and consolidated financial statements of the Company in connection with the fiscal year ending on December 31, 2015, to be presented to the ordinary general meeting for its approval.

3. Approve the Company's balance sheet and profit and loss accounts, as well as the Board of Directors' report for the fiscal year ending on December 31, 2015, to be presented to the ordinary general meeting for its approval

4. Approve the Board of Directors' proposal for distribution of dividends for the fiscal year ending on December 31, 2015, to be presented to the ordinary general meeting for its approval.

5. Approve the disclosure report prepared for purposes of increasing the issued capital of the Company through free shares

6. Calling the ordinary general meeting to convene on March 30, to consider the following agenda: 

a) Approving the Board of Directors report for the fiscal year ending 31/12/2015.

b) Approving the Auditor's report for the independent and consolidated financial statements for the fiscal year ending 31/12/2015.

c) Approving the Company's balance sheet and profit and loss accounts for the fiscal year ending on 31/12/2015.

d) Approving the proposed profit distribution, which comprises of a profit distribution to be part in cash and part in the form of free shares.  

7. Calling the extraordinary general meeting to convene, to consider the increase of the Company's issued and paid capital in the amount of the part of the dividend distribution and amendment of Articles 6 and 7 of the Company's Articles of Association.

-Ends-

Contact

Ms. Menna Shams El Din

Manager (Investor Relations and Business Development)T: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg