Cairo , 11 November , 2018

Edita Food Industries ("the Company") has the pleasure to announce the second reminder for the Extraordinary General Assembly Meeting of the Company to be convened on November 25, 2018 to consider amendment of Article (21) of the Company's Statutes, Invitation enclosed herewith. The attached will be published in two daily newspapers. 

The proposed change will entail removal of the condition  of reserving specific seats on the Board to specific shareholders, in order to align with customary international standards by removing the specific shareholder representation on the board from the statutes of the Company, ultimately leading to a free selection process. Accordingly representation on the board will be based on shareholders vote, with no requirement to appoint directors representing a specific shareholder.

Additionally, the amendment to include that whoever will be appointed to the membership of the Board of directors shall not be a representative of any competitive company.

 The proposed amendment is as follows:

Article (21) before amendment

The Company shall be managed by a board of directors consisting of minimum five members and a maximum of nine to be appointed by the General Assembly. The juristic person may appoint more than one representative in the board of directors, and in such case the votes will increase according to the number of representatives.

.

 Article (21) after proposed amendment
The Company shall be managed by a board of directors consisting of minimum five members and a maximum of Nine to be appointed by the General Assembly, provided that whoever will be appointed to the membership of the board of directors shall not be a representative of any competitive company thereto.

Click on, or paste the following link into your web browser, to view the associated PDF document. 
http://www.rns-pdf.londonstockexchange.com/rns/9747G_1-2018-11-11.pdf

Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development Senior Director
T: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg