Cairo – Mubasher: Mansoura Poultry said Wednesday that its board of directors has approved to raise the company’s issued and paid-up capital from EGP 57.9 million to EGP 72.3 million through distributing bonus shares.
The capital will be increased by EGP 14.4 million distributed across 3.6 million shares with a nominal value of EGP 4, equivalent to 0.25 bonus share for each ordinary share, according to a bourse filing.
Furthermore, the board recommended to distribute cash dividends worth EGP 8.68 million for the year which ended on 31 December 2016.
The company’s stock dropped on Tuesday by 0.17% to EGP 6.01.
