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BAAN Holding Group Co. — Capital/Financing Update 2021
Aug 8, 2021
53278_rns_2021-08-08_1d7a6326-da70-4195-9abf-9747d259d16d.html
Capital/Financing Update
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Abdulmohsen Alhokair Group for Tourism and Development Announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares
1820 · 08/08/2021 08:03:46 · Announcement #64408 · View on Saudi Exchange
Abdulmohsen Alhokair Group for Tourism and Development Announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares
| Element List | Explanation |
|---|---|
| Introduction | Abdulmohsen Alhokair Group for Tourism and Development announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares. |
| Total Number of Subscribed Shares out of the total Number of New Offered Shares | A number of (29,137,418) shares were subscribed from the new offered shares out of total number of (30,700,000) new shares. |
| Value of the Subscribed Shares | SR 291,374,180 |
| Coverage Percentage out of Total New Offered Shares (%) | 94.91 % |
| Remaining Offering Mechanism | Rump shares will be offered to a number of institutional investors, provided that those institutions submit purchase offers for the rump shares, which shall be allocated to institutional investors by giving priority to the highest bid, then the lowest and the lowest (provided that it is not less than the offering price), with shares being allocated on a proportional basis among those institutional investors that have tendered offers at the same price. In the event shares remain unpurchased by institutional investors, then these shares shall be allocated to the underwriter who will purchase them at the offering price. |
| Remaining Offering Start Date | 2021-08-10 Corresponding to 1443-01-02 |
| Remaining Offering End Date | 2021-08-11 Corresponding to 1443-01-03 |
| Specification of the Remaining Offering Period Hours | The rump offering for unsubscribed shares, amounting to (1,562,582) shares, shall start at 10:00 am on Tuesday 02-01-1443H (corresponding to 10-08-2021G) and continue until 5:00 pm on Wednesday 03-01-1443H (corresponding to 11-08-2021G). |
| Additional Information | In case of inquiries we hope to communicate with Investor Relations during daily working hours from 8:00 am to 4:00 pm through one of the following means. |
Tel: +966 11 413 4444
Email: [email protected]
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.