عربــى

EGX 30 14,178.51 -0.43%



Pioneers Holding OGM okays capital hike by LE1 bln

Pioneers Holding OGM okays capital hike by LE1 bln

ArabFinance: Pioneers Holding (PIOH) declared in a statement sent to EGX, the ordinary general assembly meeting was be held on June 12.

The OGM approved hiking the issued and paid capital to LE4,682,424,970 from LE3,601,864,970, with increase amounting to LE1,080,560,000.

The capital hike will be distributed over 216,112,000 stocks at the par value of LE5 per share, in addition to LE0.10 issuance expenses.

It is worth to mention, the capital increase is representing about 30% of the current capital, as it is allocated for the existing shareholders according to their quota in the company capital.

All rights reserved to Arab Finance 2015 ©

Back to top