Eastern Co.’s general assembly approves 1:1 stock dividend
Eastern Company’s general assembly meeting held on 4 October 2014 approved increasing the company’s issued capital to EGP1.5bn from EGP750mn through a 1:1 stock dividend, as well as increasing authorised capital to EGP3.0bn from EGP1.5bn. The company’s total number of shares will increase to 100 million from 50 million following the bonus issue. The ex-dividend date is yet to be announced. (Company disclosure) Eastern Company: EGP212.19 as of 05 October 2016, Rating: Buy, FV: EGP310.00 per share, MCap: USD1,195mn, EAST EY / EAST.CA
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