MOED announces date of bonus share disbursement

Updated 4/28/2022 10:41:00 AM

ArabFinance: The Egyptian Modern Education Systems (MOED) has announced the distribution date of the 0.042-for-1 bonus shares to be May 16th, according to a filing to the Egyptian Exchange (EGX) on Thursday.

Eligibility is for shareholders until the record date May 15th.

In March, the company’s ordinary general meeting (OGM) approved a capital hike of EGP 4.045 million carried out through the issuance of 40.645 million bonus shares at a par value of EGP 0.10 per share.

Established in 2001, Egyptian Modern Education Systems operates within the consumer services sector focusing on education services.