Zahraa Maadi
ZMID
ZMID
The securities listing committee of the Egyptian Exchange (EGX) approved on Wednesday, July 16, the reduction in Zahraa Maadi Investment and Development stock par value to EGP 1 from EGP 5.
The company’s issued capital will remain unchanged at EGP 50 million, divided into 50 million shares (instead of 10 million shares) at EGP 1 par value each.
The company’s post-split shares will be listed on EGX database as of the start of trading on Tuesday, July 22, 2014, while dividing the last closing price by 5 to set the new open price. The EGX management also imposed EGP 10,000 penalty on the company for violating provisions of article No. 49 of listing rules.
The company posted EGP 112.36 million net profit in FY13, compared with EGP 111.61 million net profit a year earlier.
Earnings per share (EPS) amounted to EGP 11.24, compared with EGP 11.16 in FY12.
The company’s issued capital will remain unchanged at EGP 50 million, divided into 50 million shares (instead of 10 million shares) at EGP 1 par value each.
The company’s post-split shares will be listed on EGX database as of the start of trading on Tuesday, July 22, 2014, while dividing the last closing price by 5 to set the new open price. The EGX management also imposed EGP 10,000 penalty on the company for violating provisions of article No. 49 of listing rules.
The company posted EGP 112.36 million net profit in FY13, compared with EGP 111.61 million net profit a year earlier.
Earnings per share (EPS) amounted to EGP 11.24, compared with EGP 11.16 in FY12.
Source:
Mubasher
