Dice EGM nods stock split to LE1

Updated 11/24/2015 10:15:11 AM

Arab Finance: Dice Sport & Casual Wear (DSCW) announced that company’s extra-ordinary meeting of shareholders was convened on Monday 23/11/2015.

EGM ratified splitting company’s stock nominal value from LE4 to LE1.

The company issued and paid capital after splitting will be LE28 million, distributed over 28 million share.

EGM mandated the company’s Chairman to conduct procedures of splitting.

Moreover, EGM approved amending articles No. 6 and 7 of Articles of Incorporation according to the split.

Source: EGX & Arab Finance editor