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Ataa Educational Co. — Capital/Financing Update 2021
Dec 14, 2021
53431_rns_2021-12-14_6ed49cdd-4e3f-4c07-8779-7a87e06a2591.html
Capital/Financing Update
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Correction announcement from Ataa Educational Co. in regards to Ataa Educational Co. Announcement about the Signing of an Agreement to Purchase Naba'a Educational Company by Increasing Capital through Issuing Shares for Naba'a Educational Company's Shareholders
4292 · 14/12/2021 15:50:34 · Announcement #65954 · View on Saudi Exchange
Correction announcement from Ataa Educational Co. in regards to Ataa Educational Co. Announcement about the Signing of an Agreement to Purchase Naba'a Educational Company by Increasing Capital through Issuing Shares for Naba'a Educational Company's Shareholders
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website | 2021-12-14 Corresponding to 1443-05-10 |
| URL of the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | 1. Value of the listed company: (2.572.000.000) Saudi Riyal based on the share price of (64.30) Saudi Riyal which is the price at the closing of the trading day of 13/12/2021. |
2. Value of capital increase: 2.087.215 shares.
3. Capital Increase Percentage: (4.96%). Correct Statement 1. Value of the listed company: (1.763.355.556) Saudi riyals, based on the evaluation of the company’s share price for the purpose of the acquisition deal, at a value of (44.08) Saudi riyals, which represent the average daily closing price of the company’s share price in the Saudi Stock Exchange (Tadawul) for a period of (90) trading days after signing the MoU and announcing the deal from 09/02/2021 to 20/06/2021.
2. Value of capital increase: 20.872.150 Saudi Riyal.
3. Capital Increase Percentage: (5.22%).
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.