Logo of Academy of Learning Co. (AOL)
Academy of Learning Co. (AOL) shareholders will vote on the board of directors’ recommendation to reduce the stock's part value from SAR 10 to SAR 1, during an extraordinary general assembly meeting scheduled to be held on June 14.
Meanwhile, the company's capital will remain unchanged, the company said in a statement to Tadawul.
|
Stock Split Details |
|
|
Current Capital |
SAR 60 mln |
|
Number of Shares |
6 mln |
|
Share Par Value |
SAR 10 |
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New Capital |
SAR 60 mln |
|
New Number of Shares |
60 mln |
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Par Value After Stock Split |
SAR 1 per share |
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Effective Date |
The decision will be effective for all the company’s shareholders who own shares on the EGM date and are registered in the company’s shareholder register with Edaa at the end of the second trading day following the EGM date. |
The effect of the decision will be applied to the stock price starting from the working day following the EGM date, provided that the decision will be applied to the number of shares in the shareholders’ portfolios on the second trading day following the EGM date.
Other agenda items include authorizing the board of directors to pay interim dividends on a semi-annual or quarterly basis, for FY 2023.
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