Prime Holding's EGM OKs treasury stock write-off to cut capital

Cairo – Mubasher: Prime Holding’s extraordinary general meeting (EGM) on Wednesday has approved a capital decrease to 70 million shares through writing off treasury stocks of around 2.8 million shares.

The EGM also noded to adjust articles 6 and 7 of the company’s main system, according to a filing to the Egyptian Exchange (EGX).

Prime Holding’s capital amounts to EGP 364.17 million distributed over 72.8 million shares at a par value of EGP 5 per share.

Mubasher Contribution Time: 07-Mar-2018 08:21 (GMT)
Mubasher Last Update Time: 07-Mar-2018 08:34 (GMT)