The Securities Depository Center Co. (Edaa) deposits today, Nov. 1, Anaam International Holding Group’s tradable rights into the accounts of eligible securities’ holders.
Anaam’s shareholders approved, on Oct. 27, the board of directors’ recommendation to increase capital from SAR 15 million to SAR 105 million through a SAR 90 million rights issue, Argaam reported.
Subscription to new shares and rights trading will start from Monday, Nov. 2. Rights trading will end on Nov. 9, and subscription to the new shares will close on Nov. 12.
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Key Figures of the Capital Increase |
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Current Capital |
SAR 15 mln |
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Number of shares |
1.5 mln shares |
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Capital increase percentage |
600% of issued capital |
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New Capital |
SAR 105 mln |
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New number of shares |
10.5 mln shares |
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Rights Issue Details |
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Number of rights issue shares |
9 mln shares |
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Offer price |
SAR 10 |
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Offer size |
SAR 90 mln |
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Record date |
By the close of trading on the second day following the extraordinary general meeting date |
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Rights issue proceeds |
To finance future expansions |
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Subscription period for rights issue |
Nov. 2-12, 2020 |
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Trading period |
Nov. 2-9, 2020 |
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