Tuesday , May 17 2022

Egypt – Beltone Holding cancels its capital growth and postpones its general meeting


(MENAFN – Al-Borsa News)

The board of directors of Balaton Financial Holdings has approved the cancellation of the Company's issued and paid-up capital increase by £ 1 billion, from £ 338.031 million to £ 1.388 billion to shareholders approved by the Company's extraordinary general meeting.
The Board of Directors also decided to approve the postponement of the special general meeting in exchange for the amendment of some of the special resolutions of the General Assembly held on June 27, 2016, which was set on Thursday.
The Company disclosed in the notice that it authorized the Chairman of the Board of Directors, the Deputy Chairman of the Board of Directors or the CEO to invite the Special General Meeting to consider canceling the capital increase of the Beltone Financial Holding Company that it issued and paid, as well as the international depository system, date and date of the meeting Take the necessary steps to send the invitation to shareholders, accountants and administrative bodies concerned to take all necessary measures to hold the extraordinary general meeting.
The company confirmed in a previous statement that it was surprised by the decisions of the General Authority for Financial Supervision to stop Beltone's activities to promote and cover Actayat and confirmed the safety of its position, and appealed to the Commission to know the violations committed.


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