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Lecico to distribute 1:2 bonus share - Daily News Egypt

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Lecico to distribute 1:2 bonus share

Sanitary ware and ceramics maker Lecico Egypt will distribute a dividend of one bonus share for every two owned, it said in a statement published on Wednesday in Al-Mal. The bonus share, to be financed from 2009 profit and retained earnings, will increase the company’s capital by LE 100 million ($17.67 million) to LE 300 …


Sanitary ware and ceramics maker Lecico Egypt will distribute a dividend of one bonus share for every two owned, it said in a statement published on Wednesday in Al-Mal.

The bonus share, to be financed from 2009 profit and retained earnings, will increase the company’s capital by LE 100 million ($17.67 million) to LE 300 million.

The share will be paid to investors holding shares as of June 9.

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https://www.dailynewsegypt.com/2010/05/26/lecico-to-distribute-12-bonus-share/
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