Tihama rights trading period ends today

27/07/2020 Argaam

 

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

 

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