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Modern Waterproofing to distribute bonus shares at 1-for-6 today

Modern Waterproofing to distribute bonus shares at 1-for-6 today
Bitumode
WATP
0.00% 3.91 0.00
Modern Waterproofing Co. will distribute today bonus shares at 1-for-6 to increase capital from EGP 102 million to EGP 119 million.
Shareholders of record on Wednesday, August 20 are entitled to this distribution.
The EGP 17 million increase, to be financed from retained earnings, are divided into 17 bonus shares that will be distributed among shareholders as per the decision of the ordinary general meeting dated April 24 ,2014.