Ataa Educational Co. — Share Issue/Capital Change 2021

Sep 29, 2021

Ataa Educational Co. Announces the Board of Directors' Recommendation to Increase the Capital by Granting Bonus Shares

4292 · 29/09/2021 08:27:56 · Announcement #64993 · View on Saudi Exchange

Ataa Educational Co. Announces the Board of Directors' Recommendation to Increase the Capital by Granting Bonus Shares

Element List	Explanation
Introduction	Ataa Educatonal Company announces the Board of Directors' recommendation to increase the company’s capital through Bonus Shares as follows:
Date of Board Meeting	2021-09-28 Corresponding to 1443-02-21
Capital before increase	400,000,000 Saudi Riyal
Capital after increase	440,000,000 Saudi Riyal
Percentage of Capital increase	10 %
Number of shares before Capital increase	40000000
Number of shares after Capital increase	44000000
Reasons for the increase	To strengthen the company’s capital base and support its future activities
Number of Shares Granted per Exiting Share	0.1 bonus share will be granted to every shareholder who owns 1 Share, which equal one share for every 10 shares owned by the shareholder.
Nature and Value of Reserves Used in the Capitalization	Capitalization of 40,000,000 Saudi Riyals from the company’s retained earnings account.
Eligibility Date	Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date
Fractional Shares	In the case of any bonus shares having fractions, these will be collected into one investment portfolio and will then be sold at a market price within 30 days from the date of determining the allocation of new shares due to each shareholder.
Approvals	The stock dividends are conditional upon taking the approval of the official authorities and the extraordinary general assembly on increasing in the capital and the number of granted shares.

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