Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on June 12 approved listing the issued capital increase of Egyptians Housing, Development and Reconstruction (EHDR) (EHDR)
The firm will increase the issued and paid capital to EGP 227 million from EGP 206 million, with an increase amounting to EGP 20.68 million.
The hike will be through issuing 10.34 million bonus shares, as 0.100243399 bonus share for every share. It will be distributed over 10.34 million shares at EGP 2 per share.
Shareholders of record are entitled to the distribution until the end of July 2 session. The bonus shares are distributable as of July 3, 2019, while approximating fractions for minor shareholders
The company's shares will be listed after the capital increase on EGX's database with determining a reference price for company shares as of July 3, 2019.