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Record date for ICMI bonus share distribution today

Record date for ICMI bonus share distribution today
ICMI
ICMI
5.08% 3.52 0.17
Today, Monday, August 04, 2014, is the record date for the bonus share distribution of International Company for Medical Industries (ICMI) at 2-for-5.
The Egyptian Exchange (EGX) had announced that shares of increasing ICMI’s capital, amounting to 5,600,000, will be added to its database with change in price limits as of the start of trading on Tuesday, August 5, 2014.
The company had obtained on July 16 the approval of EGX securities listing committee to increase its issued capital from EGP 4 million to EGP 5.6 million.
The EGP 1.6 million increase will be divided into 1.6 million shares, as per the decision of the company’s extraordinary general meeting dated March 27, 2014.
The bonus share distribution will be effected as of August 5, 2014.
The company had posted EGP 54 thousand net profit in Q1, compared with EGP 73 thousand in the same period a year earlier.