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Saudi Arabian Mining Co. — Share Issue/Capital Change 2014
Dec 18, 2014
53264_rns_2014-12-18_830983a8-3e42-4cb7-884d-a850e70fa34e.html
Share Issue/Capital Change
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THE SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE DISTRIBUTION OF THE COMPENSATION AMOUNTS TO THE SHAREHOLDERS WHO DID NOT EXERCISE THEIR RIGHTS TO SUBSCRIBE FOR THE NEW SHARES
1211 · 18/12/2014 08:49:11 · Announcement #36395 · View on Saudi Exchange
THE SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE DISTRIBUTION OF THE COMPENSATION AMOUNTS TO THE SHAREHOLDERS WHO DID NOT EXERCISE THEIR RIGHTS TO SUBSCRIBE FOR THE NEW SHARES
The Saudi Arabian Mining Company (Maaden) announces that compensation amounts will be paid to shareholders who have not exercised their right in whole or in part to subscribe for the Rights, and to holders of fractional Shares on Thursday 26/02/1436H (corresponding to 18/12/2014G).
The Details for the Distribution of Compensation Amounts
A- The total amount of compensation to be distributed to shareholders who have not exercised their subscription rights in whole or in part and to holders of fractional Shares is SAR 76,524,080.50
B- The Company has appointed the National Commercial Bank to deposit the compensation amounts to shareholders who have not exercised their subscription rights in whole or in part and to holders of fractional Shares directly to the bank accounts that are linked to their investment portfolios.
Shareholders who have not exercised their subscription rights in whole or in part and holders of fractional Shares who do not have sufficient account information or who encounter problems in the process may contact the Company at (0118748123), or contact any of the National Commercial Bank branches with their national ID or Iqama to claim for their compensation.
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.