Logo of Paper Home Co.
Paper Home Co.’s board of directors recommended a 33% capital increase through a one-for-three bonus share distribution by capitalizing SAR 5 million from retained earnings, according to a statement to Tadawul.
|
Capital Increase Details |
|
|
Current Capital |
SAR 15 mln |
|
Number of Shares |
1.5 mln |
|
Percentage of Capital |
33 % (one bonus share for every three shares held) |
|
New Capital |
SAR 20 mln |
|
Number of Shares |
2 mln |
|
Method |
Capitalizing SAR 5 mln from retained earnings |
|
Reasons |
To align with the company's business size and assets, in addition to supporting future growth and expansion. |
|
Record Date |
Extraordinary general meeting (EGM) date and shareholders registered with Edaa on the second trading day following the record date. |
Fractional shares, if any, will be compiled in one portfolio for shareholders and will be sold at market price. The proceeds will then be distributed to eligible shareholders, each according to their respective ownership, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.
For more news on listed companies
The company noted that the offering is conditional upon obtaining approval from the official authorities and the extraordinary general meeting for capital hike and the number of granted shares.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}