Egypt: EGX nods to listing $1.6mln capital hike for Spinalex
The company's issued and paid-up capital will rise from EGP 641.282 million to EGP 721.442 million through the distribution of nearly 40.080 million bonus shares at a nominal value of EGP 2 per share.
Shareholders will receive 0.1250000027 bonus shares for every ordinary share held prior to the increase, financed from the dividends recorded in the financial statements as of June 30th, 2024.
Eligibility for the bonus shares distribution applies to shareholders holding the stock until the closing of the trading session dated July 30th.
The post-increase shares will be listed in the database with a reference price set, effective by the start of the trading session on Thursday, July 31st. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).
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