Consumer Products & Retail News
September 19, 2018 / 8:17 AM / 5 months ago

Egyptian tobacco firm Eastern announces 5:1 share split

1 Min Read

CAIRO, Sept 19 (Reuters) - Eastern Co will conduct a 5:1 share split on September 27, Egypt’s top cigarette maker said on Wednesday.

The nominal value of each share will be 1 Egyptian pound ($0.0560) instead of five, it said.

$1 = 17.8600 Egyptian pounds Reporting by Ehab Farouk; editing by Jason Neely

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