Logo of WAJA Co.
Shareholders of WAJA Co. approved the board’s recommendation to reduce the stock’s par value from SAR 10 to SAR 0.5, during the extraordinary general meeting (EGM) held on June 19, according to a statement to Tadawul.
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Stock Split Details |
|
|
Current Capital |
SAR 35 mln |
|
Number of Shares |
3.5 mln |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 35 mln |
|
New Number of Shares |
70 mln |
|
Par Value After Stock Split |
SAR 0.5 |
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Record Date |
The decision will apply to shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the EGM |
The stock split will apply to shareholders of record and those registered with Edaa on the second trading day following the EGM date.
The stock split will be applied to the share price as of the business day following the EGM, while the number of shares will accordingly be adjusted in shareholder portfolios on the second trading day following the EGM date.
In a separate statement, Tadawul said the stock’s fluctuation limits will be based on a share price of SAR 6 today, June 20. Accordingly, the outstanding orders will be canceled.
The Securities Depository Center (Edaa) will deposit the split shares into the investor’s portfolios by June 22, the statement added.
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