{"id":629995,"date":"2018-04-05T03:57:06","date_gmt":"2018-04-05T03:57:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/"},"modified":"2018-04-05T03:57:06","modified_gmt":"2018-04-05T03:57:06","slug":"eastern-companys-board-approves-capital-increase-through-bonus-share-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/","title":{"rendered":"Eastern Company\u2019s board approves capital increase through bonus share issuance"},"content":{"rendered":"

Eastern Company\u2019s board of directors has approved a decision to increase the company\u2019s paid-in and issued capital by EGP 750 mn to EGP 2.25 bn, and EGP 1.5 bn to EGP 4.5 bn, respectively. The board agreed to raise capital through a bonus share issuance that will be funded through company reserves, the company announced yesterday<\/a>. The decision will still be put to an EGM vote.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eastern Company\u2019s board of directors has approved a decision to increase the company\u2019s paid-in and issued capital by EGP 750 mn to EGP 2.25 bn, and EGP 1.5 bn to EGP 4.5 bn, respectively. The board agreed to raise capital through a bonus share issuance that will be funded through company reserves, the company announced […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629995","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"5e0999e7-a144-4c98-89b2-8c1bd4ff769f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Eastern Company\u2019s board approves capital increase through bonus share issuance","related_issue":[629954],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.0eae4b47-773f-4d4c-a797-5d8d82217b5d.mp3"},"yoast_head":"\nEastern Company\u2019s board approves capital increase through bonus share issuance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Company\u2019s board approves capital increase through bonus share issuance\" \/>\n<meta property=\"og:description\" content=\"Eastern Company\u2019s board of directors has approved a decision to increase the company\u2019s paid-in and issued capital by EGP 750 mn to EGP 2.25 bn, and EGP 1.5 bn to EGP 4.5 bn, respectively. The board agreed to raise capital through a bonus share issuance that will be funded through company reserves, the company announced […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T03:57:06+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eastern Company\u2019s board approves capital increase through bonus share issuance\",\"datePublished\":\"2018-04-05T03:57:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/eastern-companys-board-approves-capital-increase-through-bonus-share-issuance\/\",\"name\":\"Eastern Company\u2019s board approves capital increase through bonus share issuance - 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The company\u2019s revenues also increased during the last year to EGP 2.5 bn from EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":585174,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/what-the-markets-are-doing-on-11-april-2023\/","url_meta":{"origin":629995,"position":1},"title":"What the markets are doing on 11 April, 2023","author":"enterpriseam admin","date":"11 April 2023","format":false,"excerpt":"MARKET NEWS-Rameda Pharma will distribute EGP 127.9 mn worth of bonus shares at EGP 0.5073 per share, according to an EGX disclosure (pdf). The issuance will raise the company\u2019s issued capital to EGP 380 mn and the number of its shares to 1.5 bn. MARKET ROUNDUP-The EGX30 rose 1.4% at\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552686,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/21\/earnings-watch-eastern-company-cib-to-move-forward-with-capital-increase\/","url_meta":{"origin":629995,"position":2},"title":"Earnings watch: Eastern Company + CIB to move forward with capital increase","author":"enterpriseam admin","date":"21 September 2022","format":false,"excerpt":"EARNINGS WATCH-Eastern Company\u2019s net income after tax dropped 6% y-o-y to EGP 4.0 bn in FY 2021-2022, according to the company\u2019s earnings release (pdf). Revenues increased 7% y-o-y during the fiscal year to EGP 17.1 bn. 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