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Giza General Contracting distributes bonus shares Thursday

Giza General Contracting distributes bonus shares Thursday
Giza General Contracting
GGCC
-1.69% 0.47 -0.01

Giza General Contracting Co. will start today, Thursday, December 04, 2014, the distribution of bonus shares at 1-for-5.

Shareholders of record till the close of trading yesterday, Wednesday, December 3 are entitled for the bonus share distribution.

The securities listing committee of the Egyptian Exchange (EGX) had approved listing shares of increasing the company’s issued capital of to EGP 88.191 million from EGP 73.492 million.
The EGP 14.698 million increase, divided into 2.939 million shares at EGP 5 par value each, will be financed from FY13 dividends.
The company’s extraordinary general meeting had endorsed the increase of issued capital by EGP 14,698,500.