EGX greenlights listing Fitness Prime’s capital increase

This increase is distributed over 31.8 million shares, equivalent to 0.24-for-1 bonus shares, at a par value of EGP 0.5 per share

Staff Writer, Arab Finance

PHOTO

The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 15.9 million for Fitness Prime Health Clubs’ issued and paid-up capital, the EGX disclosed on July 17th.

This increase is distributed over 31.8 million shares, equivalent to 0.24-for-1 bonus shares, at a par value of EGP 0.5 per share.

Thus, the capital will be increased to EGP 82.15 million from EGP 66.25 million.

The 0.24-for-1 bonus shares will be distributed, with eligibility in distribution to shareholders until a record date of July 17th.

The company's capital after the increase will be listed on the EGX's database on July 18th.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.