Ataqa to increase capital through 1:1 bonus shares
Updated 4/16/2019 9:27:33 AM
Arab Finance: Misr National Steel – Ataqa’s (ATQA) ordinary general meeting (OGM) approved issuing bonus shares to increase the firm’s capital by EGP 300 million, the company said Tuesday in a statement to EGX.
The company will issue one bonus share for every share, to increase the capital to EGP 600 million from EGP 300 million. The authorized capital would also be raised to EGP 1 billion, up from EGP 500 million.
Moreover, the OGM mandated the financial statements of the fiscal year ended on December 31, 2018.
The company’s Extra-ordinary general meeting (EGM) approved on amending Articles (6 and 7) from the firm’s articles of association.
Both the OGM and EGM were convened on April 15.
