Cairo-Mubasher: The Egyptian Exchange (EGX) announced it received Thursday a disclosure report from EAC Securities Brokerage (Themar)as regards reducing the company's capital.
The firm seeks to reduce its capital from EGP 62.5 million to EGP 50 million, through reducing the stocks par value from EGP 1 per share to EGP 0.80 per share, while keeping the company's number of shares unchanged at 62.5 million shares.
The company will go for distributing the value of the stock reduction, of EGP 0.20 per share, to the investors.
Last July the company's shareholders gave a nod to cut its issued capital to EGP 50 million, through reducing its par value.
