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July 14: due date of Ibnsina Pharma bonus shares

July 14: due date of Ibnsina Pharma bonus shares

ArabFinance: Ibnsina Pharma (ISPH) decided to increase the firm’s issued capital by EGP 24.5 million, as per a Wednesday bourse filing.

The Company will hike the issued capital from EGP 180.5 million to EGP 205 million, through issuing 98 million bonus shares, at EGP 0.25 per share.

The EGX-listed firm decided to distribute 0.1357340720 free stock for every existing one.

Shareholders of record are entitled to the distribution until the end of July 14 session. The bonus shares are distributable as of July 15, 2019, while approximating fractions for minor shareholders.

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