Lazurde rights subscription period ends today

A branch of Lazurde

Lazurde Company for Jewelry (Lazurde) rights subscription period ends today, June 17.

Subscription period started on Monday, June 7, to increase the company’s capital from SAR 430 million to SAR 575 million, through a rights issue of 14.5 million shares at SAR 10 per share.

Rights trading period, which also started on June 7, ended on Monday, June 14.

Key Figures in Capital Hike
Current Capital	SAR 430 mln
Number of Shares	43 mln
Capital Hike	34%
Capital After Increase	SAR 575 mln
Number of Shares After Increase	57.5 mln

Key Figures in Rights Issue
Number of Offered Shares	14.5 mln
Offering Price	SAR 10
Issue Size	SAR 145 mln
Rights trading period	From June 7, 2021, to June 14, 2021
Subscription period	From June 7, 2021, to June 17, 2021
Record Date	June 2, 2021 (Shareholders of record on the day of the EGM 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

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