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Raydan Food Co. — Capital/Financing Update 2021
Jul 14, 2021
53466_rns_2021-07-14_2525a96a-28fe-43b2-8c72-f799b33ff14b.html
Capital/Financing Update
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Addendum announcement from Raydan Food Company on the results of the extraordinary general assembly meeting, which included the approval of the company's capital increase (the second meeting)
6012 · 14/07/2021 15:25:43 · Announcement #64168 · View on Saudi Exchange
Addendum announcement from Raydan Food Company on the results of the extraordinary general assembly meeting, which included the approval of the company's capital increase (the second meeting)
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company’s announcement published on the Tadawul website on 04-12-1442 corresponding to 14-07-2021, The company would like to clarify additional information on the first item of the Extraordinary General Assembly’s items, which includes approval of the Board of Directors recommendation to increase the capital by offering priority rights. |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2021-07-14 Corresponding to 1442-12-04 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | The company would like to clarify additional information, which are as follows :- |
- Ratio of Change in capital: 50%.
- Ratio of increase per share: 0.50 right per share.
- The value of the offer for each share and its nominal value: 10 SR.
- Number of shares offered: 11,250,000 ordinary shares. Financial Impact on the change None Additional Information None
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.