Cairo – Mubasher: The extraordinary general meeting (EGM) of Union National Bank (UNB)-Egypt approved Sunday the distribution of bonus shares at 1 for 20.
The total distribution is valued at EGP63.7 million, divided into 11.375 million shares at EGP5.6 each, the bank added in a bourse filing.
The EGM also amended articles No. 7 and 8 of the statute to reflect the capital increase to EGP1.337 billion from EGP1.274 billion.
The ordinary general meeting approved the financial statements for the period ended 31 December 2015.
The bank earlier reported EGP160.1 million profits for 2015, compared to EGP63.1 million in 2014.
