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Cairo Poultry OGM approves bonus shares

Cairo Poultry OGM approves bonus shares
(Photo credit: Arabianeye - Reuters)
Cairo Poultry
POUL
-1.84% 35.82 -0.67

Cairo – Mubasher: Cairo Poultry’s ordinary general meeting (OGM) has agreed on a proposal to distribute 1-for-4 bonus shares worth EGP 95.8 million (24% of the capital).

Meanwhile, the extraordinary general meeting (EGM) approved to raise the capital by EGP 95.8 million from EGP 383.2 million to EGP 479.001 million, according to a bourse filing released on Thursday.

Furthermore, the EGM agreed to amend articles number 6 and 7 of the company’s statute.