Logo of Lazurde

Lazurde Company for Jewelry  announced that the rights issue prospectus is now available on the Capital Market Authority (CMA) and its websites, according to a bourse filing.

 

The company seeks to increase capital by 34% to SAR 575 million.

 

In April, the CMA approved the request from Lazurde to increase its capital through a rights issue worth SAR 145 million, Argaam reported.

 

The company's extraordinary general assembly meeting (EGM) is scheduled for June 2, 2021, to discuss the capital increase.

 

Details of Capital Increase

Current Capital

SAR 430 mln

Number of Shares

43 mln shares

Capital Hike

34%

Capital After Increase

SAR 575 mln

Number of Shares After Increase

57.5 mln shares

Details of Rights Issue

Number of Offered Shares

14.5 mln shares

Offering Price

SAR 10

Issue Size

SAR 145 mln

Record Date

Shareholders of record on the day of the EGM (June 2, 2021) during which the capital increase will be discussed, along with those on record on the second trading day following the EGM

Use of proceeds

Repayment of long-term bank facilities from SABB

SAR 75 mln

Repayment of long-term bank facilities from SABB

SAR 30 mln

New store openings, expanding the retail business portfolio

SAR 28 mln

Developing e-commerce platforms

SAR 6 mln

Offering expenses

SAR 6 mln

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Lazurde shareholders to vote on capital hike, dividend freeze for 2020 on May 23
CMA approves Lazurde's request to increase capital via SAR 145 mln rights issue
Lazurde board amends capital hike recommendation to SAR 145 mln

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request