Edita Food Industries to delist GDRs from London Stock Exchange

Published 27/08/2025, 08:40
Edita Food Industries to delist GDRs from London Stock Exchange

CAIRO - Edita Food Industries S.A.E. announced Wednesday it will hold an Extraordinary General Assembly Meeting on September 22, 2025, where shareholders will vote on canceling the company’s Global Depository Receipts (GDRs) program listed on the London Stock Exchange.

According to a press release statement, the meeting agenda includes approving the delisting of the company from the list of entities authorized to issue GDRs at the Egyptian Exchange (EGX).

The meeting will be conducted remotely through the E-MAGLES system, allowing shareholders to vote electronically and attend via video call. Shareholders must register through a provided QR code to participate.

For the extraordinary general meeting to be valid, shareholders representing at least 50% of the issued share capital must attend. Resolutions require approval by a two-thirds majority of shares represented at the meeting.

Shareholders wishing to attend must provide evidence of share ownership through a deposit at the company’s headquarters, a certified bank, or a financial entity licensed by the Financial Regulatory Authority. Alternatively, they may submit a statement from a central custodian or Misr for Central Clearing, Depository and Registry confirming their shares have been frozen for the meeting.

The company noted that shareholders may attend in person or by proxy, though no shareholder may represent more than 10% of the issued share capital by proxy or exceed 20% of the shares represented at the meeting.

Documents related to the meeting are available for review at Edita’s headquarters in Shaikh Zayed City during official working hours.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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