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Sept 7: Glaxo Smith’s OGM to discuss distributions

Sept 7: Glaxo Smith’s OGM to discuss distributions

Arab Finance: Glaxo Smith Kline (BIOC) called ordinary general assembly to be convened on 07/09/2016.

OGM will review profits distribution’s suggestion.

OGM will review posting distributable profits of LE108,150,654 for the fiscal year ending December 2015, as the shareholders’ first stake will amount to LE41,757,100 representing 5% of paid capital, while employees stake will amount to LE5.697 million.

OGM will discuss delaying profits of LE60.696 for the next year.

 
Source: EGX & Arab Finance editor

 

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