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June 25: Unipack OGM to review capital hike

June 25: Unipack OGM to review capital hike

ArabFinance: Universal for Paper and Packaging Materials (Unipack) (UNIP) declared in a statement sent to EGX, it called for the ordinary and extraordinary general assembly meeting to be held on June 25. 

The OGM will discuss utilizing the reserves and delayed profits that show in financial statement ending December 2017, in order to increase the issued and paid capital to LE77 million form LE38.5 million.

The capital increase will amount to LE38.5 distributed over 38.5 million shares at par value of LE1 per every underlying share.

Unipack's EGM will discuss the authorized capital hike to LE350 million from LE50 million, as well as the issued and paid capital hike. 

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