Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of Copper for Commercial Investment and Real Estate Development (COPR), the EGX stated on September 6th.
The company shall increase the issued and paid capital by EGP 104.069 to EGP 105.109 million from EGP 1.041 million.
The hike will be via issuing 520.344 million bonus shares at a par value of EGP 0.20 per share.
Shareholders are eligible to receive stock dividends on a record date of August 2nd.
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 10th.