Cairo – Mubasher: The Egyptian Exchange (EGX) on Thursday announced the end of rights in ElSewedy Electric Co.’s coupon worth EGP 1 per share.
The deadline for the rights will be on 30 June 2016 instead of 11 July 2016, and owners will be entitled to receiving the announced dividend distributions or bonus shares, according to a bourse statement.
Coupon payments will begin on 5 July instead of 14 July via Misr for Central Clearing and Depository Registry (MCDR), the EGX said.
ElSewedy’s ordinary general meeting (OGM) approved in April 2016 a cash dividend of EGP 2 per share for the fiscal year ended 31 December 2016, raising total annual dividends to EGP 3 per share.
