Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved increasing MM Group for Industry and International Trade’s issued and paid-up capital by EGP 76.72 million.
MM Group’s capital will be raised to EGP 383.62 million from EGP 306.9 million by issuing EGP 0.25 bonus share for every share held, totalling 123.75 million bonus shares at a nominal value of EGP 0.62 apiece, according to a bourse statement on Wednesday.
The company’s bonus shares will be listed on the EGX starting from trading session on 13 June, the statement added.
The eligibility of bonus shares shall be for the shareholders registered until the end of trading session on 12 June.
For the full-year 2018, the EGX-listed firm’s profits logged EGP 275.52 million, compared to EGP 339.34 million in the previous year, including minority shareholders’ rights.
