Cairo – Mubasher: The Egyptian Company for Developing Building Materials (LIFT SLAB) said it will convene an ordinary general meeting on 5 January to discuss a proposed increase in issued capital to EGP 86 million from EGP 43 million.
The EGP 43 million increase is divided into 4.3 million shares at EGP 10 par value plus EGP 0.25 issue costs each. It will be effected through a rights issue.
Shareholders will also look into raising authorised capital to EGP 400 million from EGP 50 million. They will also discuss trading subscription rights separately.
