Subscription to Tihama Advertising and Public Relations Co.’s rights issue will close today, Aug. 6.
Tihama launched its rights issue on July 20, to raise capital to SAR 175 million from SAR 75 million.
The company offered 10 million shares at SAR 10 each at a total value of SAR 100 million.
Rights trading ended on Monday, July 27.
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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 (%) |
133.3% |
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New capital |
SAR 175 mln |
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New shares |
17.5 mln shares |
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Rights Issue Details |
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Number of rights issue shares |
10.0 mln shares |
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Issue price |
SAR 10/share |
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Issue size |
SAR 100 mln |
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Eligibility date |
(July 15, shareholders registered at Edaa by the close of trading on the second day following the EGM) |
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Eligibility coefficient |
Each shareholder is eligible to 1.33 rights for every share held |
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Start of right issue and subscription to new shares |
July 20, 2020 |
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End of rights issue trading |
July 27, 2020 |
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End of subscription to new shares |
August 6, 2020 |
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Use of Proceeds |
To support expansions in business activities. |
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Additional Information |
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Financial advisor, Lead manager and Underwriter |
Falcom |
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