Logo of Saudi Paper Manufacturing Co.
Saudi Paper Manufacturing Co.’s (SPM) rights trading ends today, Oct. 30, to increase capital from SAR 192 million to SAR 337 million.
Rights trading and subscription to new shares started on Oct. 23. The subscription will close on Nov. 2.
Rights holders are allowed to exercise their right to subscribe wholly or partially to the new shares within the limits of their rights.
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Capital Increase Details |
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Current capital |
SAR 192 mln |
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Number of shares |
19.2 mln |
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Capital increase (%) |
75.52% |
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Capital after increase |
SAR 337 mln |
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Number of shares after increase |
33.7 mln |
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Rights Issue Details |
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Number of shares offered |
14.5 mln |
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Offer price |
SAR 10 |
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Size of issue |
SAR 145 mln |
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Eligibility ratio |
Each shareholder on record will be granted 0.755 rights for every share owned |
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Record date |
Oct. 17, 2022 |
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Rights issue proceeds |
Acquiring fixed assets |
SAR 92.3 mln |
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Purchasing raw materials |
SAR 33.9 mln |
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Repayment of bank loans |
SAR 15 mln |
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Offering fees |
SAR 3.9 mln |
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