Speed Medical’s EGM greenlights EGP 110.9M capital increase

Updated 3/23/2023 10:13:00 AM
Speed Medical’s EGM greenlights EGP 110.9M capital increase

Arab Finance: The extraordinary general meeting (EGM) of Speed Medical Company (SPMD) has approved increasing its issued and paid-up capital from EGP 221.83 million to EGP 332.74 million, the company stated on March 23rd.

The issued and paid-up capital will be raised by EGP 110.914 million distributed over 554.57 million shares, equivalent to 1-for-2 bonus shares, at a par value of EGP 0.2 per share.

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