Cairo – Mubasher: Cairo Poultry Company announced on Sunday that its ordinary general meeting (OGM) will be held on 27 March.
The OGM will discuss a proposal to distribute dividends at EGP 34.83 million ($4.44 million) in the form of bonus shares, equivalent to one share for each 10 shares, according to a bourse filing.
Shareholders will also look into approving a capital hike by 10% from EGP 348.36 million ($44.48 million) to EGP 383.2 million ($48.93 million), as well as amending the articles No (6) and (7) in the company’s statute.
Cairo Poultry’s profit rose in 2015 by 77.8%, compared to 2014.
The company’s share closed yesterday’s trading at EGP 6.89 ($0.88) after falling 2.19%, with a trading volume of 21,190 shares exchanged at EGP 145,800 ($18,620).
