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Savola Group Capital/Financing Update 2024
53290_rns_2024-08-27_7af6035f-3b75-4fd3-b525-1a557c620247.html
Capital/Financing Update
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Savola Group announces determining the period of rights issue trading and subscription in the new shares
2050 · 27/08/2024 16:34:53 · Announcement #82263 · View on Saudi Exchange
Savola Group announces determining the period of rights issue trading and subscription in the new shares
| Element List | Explanation |
|---|---|
| Introduction | Savola Group (SAVOLA) (the “Company’) announces determining the period of rights issue trading and subscription in the new shares |
| Right Issuses and New Shares Subscription Period Start Date | 2024-08-29 Corresponding to 1446-02-25 |
| Right Issues Trading Period End Date | 2024-09-05 Corresponding to 1446-03-02 |
| New Shares Subscription Period End Date | 2024-09-10 Corresponding to 1446-03-07 |
| Trading Right Issues and Subscription to New Shares | Holders of rights Issues are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of rights issue available in their portfolios. Trading in rights issue and subscription to new shares for registered shareholders and new investors shall be as per the prospectus. |
| Details on Remaining Offering | Should there be unsubscribed shares after the end of the subscription period, the said shares and fractional shares (if any) will be offered to institutional investors in accordance with the details set forth in the prospectus. The underwriters, who are mentioned in the prospectus, will underwrite the new shares which remain unsubscribed for after the rump offering. |
| Notification for Investors not Willing to Subscribe | Attention of Investors not willing to subscribe is drawn to the importance of selling the right issues they hold during the specified trading period to avoid the resulting decline in the value of their investment portfolios as a result of not benefiting from their rights, whether by way of sale or subscription. |
| For Daily Fluctuation in Right Issues Closing Prices during Rights Trading Period | Click Here |
| For the Indicative Value of the Right | Click Here |
| For Further Details on the Mechanism of Right Issues Trading and Subscription to New Shares | Click Here |
| For the Prospectus of Company’s Capital Increase through the Issuance of Right Issues | Click Here |
| Additional Information | The Company would like to stress the importance of reviewing the prospectus carefully and in full before making any investment decision in relation to the rights or the new shares. |
For enquiries, please contact investor relations through telephone number: +966 (12) 268 7755 or 7733, fax number: Fax: +966 (12) 2687828, or the following email address: Email: [email protected] or [email protected] Attached Documents 
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.