Cairo – Mubasher: The extraordinary general meeting (EGM) of Dice Sport and Casual Wear (Dice) approved increasing the company’s capital to EGP 106 million from EGP 53 million through issuing 265 million bonus shares to be financed from the company’s retained profits.
The company’s shareholders agreed to raise the capital by EGP 53 million by issuing one bonus share for every share held, according to a filing to the Egyptian Exchange (EGX) on Sunday.
It is noteworthy that during the first half of 2019, Dice reported a net profit of EGP 73 million, down from EGP 84 million in the prior-year period, including minority shareholders’ rights.
The company’s capital stands at EGP 53 million, distributed over 265 million shares at a nominal value of EGP 0.20 apiece.
