Tihama Advertising and Public Relations Co.’s rights trading period ends today, July 27, 2020.
Rights trading started on July 20, to increase the company’s capital from SAR 75 million to SAR 175 million, through a rights issue of 10 million shares at SAR 10 per share.
Rights issue subscription period, which also started on July 20, will end on August 6, 2020.
Rights holders are entitled to subscribe to the new shares partially or fully pro rata. The remaining shares will be reoffered to institutional investors.
Key Figures of the Capital Hike |
||
Current capital |
SAR 75 mln |
|
Number of shares |
7.5 mln shares |
|
Hike (%) |
133.33% |
|
New capital |
SAR 175 mln |
|
New shares |
17.5 mln shares |
|
Rights Issue Details |
||
Number of rights issue shares |
10.0 mln shares |
|
Issue price |
SAR 10/share |
|
Issue size |
SAR 100 mln |
|
Record date |
(July 15, registered shareholders on the second day following this date) |
|
Rights coefficient |
Each shareholder is entitled to 1.33 rights for every share held |
|
Start of right issue trading and subscription period |
July 20, 2020 |
|
End of rights issue trading |
July 27, 2020 |
|
End of trading new shares subscription period |
August 6, 2020 |
|
Use of Proceeds |
To support expansions in business activities. |
|
Additional Information |
||
Financial advisor, Lead manager and Underwriter |
Falcom |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}