Palm Hills Developments Announce The Record & Payment Dates Of Bonus Shares
With reference to the decisions approved by shareholders in the General Assembly Meeting dated March 13, 2016, Palm Hills Developments (“the Company”) announce the conclusion of regulatory procedures required for increasing the Company’s Issued Capital from EGP4.4 billion to EGP4.6 billion via the issuance of 110 million bonus shares at par value of EGP2/share, whereby each 20 existing shares will be entitled to 1 bonus share (1:20 ratio).
The bonus shares will be payable starting June 23, 2016 through Misr for Clearing, Settlement and Depositary, to buyers of the Company’s shares until June 22, 2016.
