Shareholders of Tihama Advertising and Public Relations Co. will vote on capital hike to SAR 175 million from SAR 75 million through a SAR 100 million rights issue during the extraordinary general meeting (EGM) scheduled for July 15.
If the capital hike is approved, shareholders will also vote on amending Articles No. 7 and 8 of the articles of incorporation regarding capital increase and subscription to shares, Tihama said in a bourse filing on Wednesday.
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Key Figures of the Capital Hike |
|
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Current capital |
SAR 75 mln |
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Number of shares |
7.5 mln shares |
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Hike |
SAR 100 mln |
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New capital |
SAR 175 mln |
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New shares |
17.5 mln shares |
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Driver |
Support the company’s expansions |
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Record date |
The close of trading on the second day following the EGM |
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Method |
Listing SAR 10 mln ordinary shares |
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