EGX’s listing committee approves listing ICON’s capital increase shares
Updated 9/6/2023 3:14:00 PMArab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of the Industrial Engineering Company for Construction and Development (ICON), the EGX announced on September 6th.
The firm will increase the issued and paid capital to EGP 582 million from EGP 485 million, with an increase amounting to EGP 97 million.
The increase will be via the issuance of 24.250 million bonus shares, or 0.2 bonus shares for every share, at a par value of EGP 4 per share.
Shareholders of record date on September 20th are eligible for bonus share distribution.
The company’s shares will be listed after the capital increase on the EGX's database with determining a reference price for its shares as of September 21st.
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