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Vertika EGM to discuss capital increase on July 27 [Arab Finance (Egypt)]
[July 10, 2014]

Vertika EGM to discuss capital increase on July 27 [Arab Finance (Egypt)]


(Arab Finance (Egypt) Via Acquire Media NewsEdge) Arab Finance: Vertika ( VERT) announced that it will hold an Extraordinary General Assembly to discuss increasing the issued and paid capital of the company by 1.176 million, from LE 1.176 million to LE 2.353 million, on July 27.



The Capital hike will be financed by shareholder's subscription.

The company added that this capital hike will be used to develop the company's technological activities in ERP and VEDU programs.


The EGM will also discuss authorizing the Board of Directors to amend articles 6, 7 of incorporation in light of the results of the intended rights issuance.

The EGM will discuss amending article 3 of incorporation by adding new activities whihc include providing management consulting and reports to senior management of companies, providing technical consultancy in Information Technology, selling computers and accessories, setting up wired and wireless networks.

Source: EGX & Arab Finance Editor (c) 2014 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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