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ICON ratifies capital hike by LE61 m




ArabFinance: Engineering Industries Company (ICON) (ENGC) announced in a statement sent to EGX, the Board of Directors (BoD) was held on December 05.
The BoD ratified issued and paid capital hike to LE485,000,000 from LE424,107,624 with increase amounting to LE60,892,376.
The capital hike will be distributed over 15,224,094 shares at par value of LE4 per share, as well as issuance expenses of LE0.05 financed in cash by the subscription for existing shareholders.
It is worth to mention, the BodD ratified the accumulative voting for the articles of association and amending of article No. 44.



Time Added: 2018-12-06 11:23:26
Source: arabfinance
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