Cairo – Mubasher: Shareholders of El Ahram Co. for Printing and Packing (EPPK) gave a nod to a capital increase of EGP 15.6 million, the company said in a bourse filing Monday.
During their extraordinary general meeting, shareholders also approved amending articles of incorporation to reflect the capital increase.
The printing company previously decided to raise issued and paid-in capital by EGP 15.6 million (3.12 million shares) to EGP 41.6 million, from EGP 26 million.
The capital raise will be effected through a bonus share distribution at 0.6-for-1, which will be financed from general reserves as shown on financial statements for the fiscal year 2014.
