The extraordinary general meeting of Amer Group Holding approved on Thursday, July 24, 2014 ratifying a capital increase to EGP 1.367 billion, which will be financed from the company’s reserves as shown on FY13 financial statements.
Shareholders also nodded to adjusting the stock par value to EGP 0.30.
Articles of incorporation No. 6 and 7 were amended accordingly.
Amer operates with EGP 364.76 million, divided into 3.039 billion shares at EGP 0.12 par value each.