Edita Food Industries announces free share distribution
The distribution is in accordance with the resolutions adopted at the Extraordinary General Assembly meeting on April 16, 2025, and the Ordinary General Assembly meeting on March 28, 2024.
EGYPT – Edita Food Industries (EGX:EFID) S.A.E., a key player in Egypt’s packaged snack food market, has announced that it will distribute free shares to eligible shareholders.
The free share distribution will be available to shareholders who own or acquire shares until the end of the trading session on Wednesday, June 4, 2025.
The distribution procedure will start on Thursday, June 5, 2025, the company said. The distribution will happen on the following working day if this day falls on an official holiday.
On Wednesday, May 21, 2025, two newspapers, Alam El Yawm and Al Mal News, will announce the free share distribution.
Edita has already provided the trading section of the Egyptian Stock Exchange with the required shareholder announcement and evidence of newspaper reservation for the publishing.
According to a press release, Edita Food Industries is taking this action as part of its continuous efforts to increase shareholder value.
The announcement does not specify the precise ratio of the free share distribution or the overall number of shares to be distributed.
For comprehensive details on the distribution procedure, investors are encouraged to keep an eye on the forthcoming publications in the assigned newspapers.
The move by Edita to provide its owners more shares as an incentive is typical of businesses looking to encourage investment and keep investors interested.
With its broad range of products, Edita Food Industries remains a major player in Egypt’s and the region’s consumer goods market.
Investors and market experts constantly monitor the company’s strategic choices, including this most recent free share distribution, for indicators concerning its financial standing and prospects.
Edita Food Industries S.A.E., is a leading player in Egypt’s packaged snack food market which is dual-listed on the Egyptian Exchange (EFID.CA) and London Stock Exchange (EFID.L).
The company reported a landmark financial performance for the fiscal year 2024, with revenues surging by 33.2% year-on-year (y-o-y) to reach EGP 16.1 billion (US$ 520 million).
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