Thndr Claps » EGY Claps » Consumer Durables 🧦 » Dice’s EGM Approves Capital Increase💰
Dice Sport & Casual Wear’s (DSCW) extraordinary general meeting (EGM) has approved the increase of both its authorized & paid-in capital.
More Details🧐 DSCW’s authorized capital will increase from EGP 300 million to EGP 500 million, while its paid-in capital will go from EGP 106 million to EGP 371 million.
The capital increase will come in the form of a rights issue to existing shareholders, who would be able to subscribe at a par value of EGP 0.20/share, distributed over 1.32 billion shares.
Why is this Important🤔 DSCW closed down 5.45% at the end of yesterday’s trading session.
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