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GIZA - Edita Food Industries (EGX:EFID) S.A.E., a leading player in the packaged snack food market, has announced that it will distribute free shares to eligible shareholders. The distribution is in accordance with the resolutions passed during the Ordinary General Assembly meeting on March 28, 2024, and the Extraordinary General Assembly meeting on April 16, 2025.
Shareholders who hold or purchase shares until the end of the trading session on Wednesday, June 4, 2025, will be eligible for the free share distribution. The company has confirmed that the distribution process will commence on Thursday, June 5, 2025. Should this date coincide with an official holiday, the distribution will take place on the next business day.
The announcement of the free share distribution will be made public in two newspapers, Alam El Yawm and Al Mal News, on Wednesday, May 21, 2025. Edita has already submitted the necessary shareholder announcement and proof of newspaper reservation for the publication to the Egyptian Stock Exchange’s trading department today.
This move by Edita Food Industries is part of its ongoing efforts to enhance shareholder value and is based on a press release statement. The exact ratio of the free share distribution or the total number of shares to be distributed has not been specified in the announcement.
Investors are advised to monitor the upcoming publications in the designated newspapers for detailed information regarding the distribution process. Edita’s decision to reward its shareholders with additional shares reflects a trend among companies seeking to incentivize investment and maintain investor interest.
Edita Food Industries, with its extensive portfolio of products, continues to be a significant entity in the consumer goods sector in Egypt and the wider region. The company’s strategic decisions, including this latest distribution of free shares, are closely watched by investors and market analysts for indications of its financial health and future prospects.
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