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Lift Slab to invite EGM to review stock split

Lift Slab to invite EGM to review stock split

ArabFinance: Egyptian Developing Building Materials (Lift Slab) (EDBM) Board of Directors (BoD) decided to invite the Extraordinary General Assembly (EGM) to be held in order to discuss the splitting of stock's par value to be EGP 1.24 from EGP 6.20 per share. In light of stock split the total shares of the company will be 45,262,560 instead of 9,052,512 without changing the issued and paid-up capital at EGP 56,125,574. 

The board that convened on Sept 30. decided also to present amending articles No. 6 & 7 of articles of association to the EGM. 

Read More: Lift Slab announces use of capital hike's funds

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