Board Resolution- Treasury Shares Cancelation

Edita Food Industries S.A.E.

10 October 2023

 

Edita Food Industries - Summary of Resolutions of the Board of Directors Meeting of the company convened on Tuesday dated 10/10/2023

Giza, 10/10/2023

1)   Approval of the minutes of the previous Board of Directors Meeting (No. 175) dated on 14/08/2023.

2)   Approval of calling for an extraordinary general assembly ("EGM") and delegating the Chairman of the company in determining the place and method of convening the meeting and amending the date of meeting, as the case may be, to consider the following agenda: 1.    Reduce the capital of the Company from EGP 144,611,687 (one hundred forty-four million six hundred eleven thousand six hundred eighty-seven Egyptian pounds) to EGP 140,002,731 (one hundred forty million two thousand seven hundred thirty-one Egyptian pounds) by way of Cancelling treasury shares of the company in the total of 23,044,783 (twenty-three million forty-four thousand seven hundred eighty-three) shares, each with par value of 0.20 piasters, appearing in the company's financial position of 30 June 2023 and amend Articles (6) and (7) of the articles of association of the Company accordingly. 2.    Amend the objective of the Company and amend Article (3) of the articles of association of the Company accordingly. 3)   Approval of the ratification of the disclosure report pursuant to Article (48) of the EGX listing rules for the purpose of convening the EGM. 4)   Approval of the delegation of the Chairman to take the necessary procedures regarding all submissions to coordinate with the competent authorities and make any amendments that may be required from the Financial Regulatory Authority pursuant to Article (48) of the EGX listing rules and the Chairman shall be entitled to delegate others in his sole discretion.

Edita Food Industries S.A.E. ("the Company") announces that the Board of Directors Meeting of the Company convened on Tuesday dated 10/10/2023 and unanimously resolved the following resolutions:

-Ends

Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development Director

T: [phone] | M: [phone] |  [e-mail]

 

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