The extraordinary general meeting of Nozha International Hospital approved on Thursday, October 9, adjusting the stock par value with the aim of complying with listing rules.
The company announced reducing the stock par value after bonus share distribution to EGP 6 from EGP 10; thus raising the total number of shares to 5 million.
The company had previously announced increasing capital from EGP 20 million to EGP 30 million.
The EGP 10 million increase, to be financed from FY13 profit and retained earnings, are divided into 1 million bonus shares that will be distributed at 0.5-for-1 as per the decisions of the company’s ordinary and extraordinary general meetings dated March 23.
Shareholders of record till the close of trading on Wednesday, August 27 are entitled to the dividend.