Press releases, Reports & Disclosures for E7 Group PJSC

E7 Group, a commercial printing, security printing, solutions, sustainable packaging and distribution services provider listed on the Abu Dhabi Securities Exchange, reported a 110% year-on-year increase in its operational net profit for FY2023, driven by a 45% growth in EBITDA. The Group recently listed as a de-SPAC entity on ADX, following a successful business combination between ADC Acquisition Corporation PJSC and United Printing and Publishing, which made AED 1.1bn available to E7 Group. This funding is expected to accelerate E7's growth in the security solutions and sustainable packaging sectors, and support future digitalization and talent investments. E7 also reported a 10% year-on-year revenue growth to AED 631.9m, driven by new customer wins in the security solutions, commercial printing and sustainable packaging segments.

On 16th January 2024, the Board of Directors of E7 Group PJSC held a meeting via video conference. The board elected Ahmed Al Shamsi as Chairman and Khalid Almuhaidib as Vice Chairman. They also formed the Board of Directors’ committees, including the Audit Committee chaired by Domantas Bagusis with Mohammad Sharafi and Jan Larsen as members. The Nomination and Remuneration Committee is chaired by Iman Al Qasim with Khalid Almuhaidib and Domantas Bagusis as members. Lastly, the Strategy and Investment Committee is chaired by Khalid Almuhaidib with Domantas Bagusis and Jan Larsen as members.

The Board of Directors of E7 Group PJSC will hold a meeting on Tuesday, January 16, 2024, at 3:30 p.m. via video conference. The agenda for the meeting includes the election of the Chairman and Vice Chairman of the Board, formation of the Board of Directors' committees, appointment of the company's executive management, and discussion on general matters related to the company's activities and projects.

The communication was issued electronically on 21/12/2023 with reference number 2023/2649/خ/إ. The subject is a certificate announcing the amendment of the basic system for the E7 Group (a public shareholding company). After reviewing the Federal Law No.23 of 3232 on commercial companies and based on the special resolutions issued by the general assembly meeting of EDC Corporation for acquisition, it was agreed to change the company's name to E7 Group and modify the basic system articles. They also decided to issue mandatory bonds to convert to shares for new investors, with a total of 2202220222 bonds to be converted into 2202220222 million shares with a nominal value of 3002220222 dirhams and a conversion price of 3.0 dirhams per share. This increases the company's capital from 05502230022 dirhams to 03002230022 dirhams, with an increase of 3002220222 dirhams distributed over 2202220222 shares with a nominal value of 3.0 dirhams per share. The E7 Group has requested a certificate announcing the amendment of the company's basic system articles as stipulated in the aforementioned law and decision. The company's capital will be 03002230022 Emirati dirhams distributed over 209 shares.