Cairo - Mubasher: Egypt for Poultry said that its board of directors (BOD) has approved decreasing the company’s paid and authorized capital to EGP 85.14 million from EGP 94.6 million, according to a bourse filing.
The company said in a statement to the Egyptian Exchange (EGX) on Sunday that the capital cut will be through the termination of 10% of treasury stocks, equivalent to 4.73 million shares, with a nominal value of EGP 2 per share.
The company’s board has also approved the financial statements for the second quarter of 2017, the statement added.
