Oriental Weavers Announces Stock Split

19 Jan 2015

January 19 2015

CAIRO, January 20, 2015 ― Pursuant to the EGM decisions approved on April 10, 2014, Oriental Weavers Carpet Company [ORWE EY; ORWE.CA] announces that the 5-for-1 stock split will take place on January 27, 2015 to shareholders as of January 26, 2015. By virtue of this split, Oriental Weavers Carpet’s EGP450mn paid-in-capital will be distributed over 450mn shares at a par value of EGP1/share (compared to 90mn shares with a par value of EGP5/share before the split).