Saudi Paper Manufacturing Co. logo

Saudi Paper Manufacturing Co. (SPM) announced the results of rump offering and the final allocation of its rights issue shares, with a coverage ratio of 433.1%, according to a bourse statement.

 

Rights Issue Coverage

Total offered shares

10 mln shares

Number of remaining shares

596,414 shares

Date of remaining shares offering

Dec. 29-30, 2020

Number of shares sold

596,414 shares

Coverage ratio

433.1%

Proceeds from remaining shares sale

SAR 32.46 mln

Average sale price

SAR 54.43/share

Net compensation for Rights & Fractional Shares Holders 

SAR 26.50 mln

Date of depositing shares in shareholders' account

Dec. 7, 2021
 

On Dec. 27, SPM announced the results of rights issue trading, noting that more than 9.4 million shares were subscribed, valued at SAR 94.04 million, from the offer of 10 million new shares, according to data compiled by Argaam.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Paper says rights issue 94.04% subscribed
Saudi Paper rights issue closes today

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request