By: Ahmed Allam
Cairo - Mubasher: The ordinary general meeting (OGM) of Amer Group Holding has approved on Saturday, the distribution of dividends to shareholders through bonus shares at 1 share for every 10 shares.
The OGM also approved to negotiate a deal to sell 100% of its stake in Total Facilities Management to Porto Group at the fair value price, specified by an independent consultant.
Meanwhile, the company’s extraordinary general meeting (EGM) approved the decision to increase the company’s capital by EGP 91.1 million distributed over 455.95 million bonus shares.
The capital hike will be financed from the profits achieved in the year ended 31 December 2016.
The EGM also permitted transforming some of the capital to global depositary receipts (GDRs), with a maximum limit of 33% of total capital.
