IssuerAnnouncementDetailsV2Portlet
AYYAN Investment Co. Announces the Determination of the Period for Right Issues Trading and New Shares Subscription
Element List | Explanation |
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Introduction | AYYAN Investment Company announces the determination of the period for the rights issue trading and subscription to the new shares. |
Right Issuses and New Shares Subscription Period Start Date | 2024-07-14 Corresponding to 1446-01-08 |
Right Issues Trading Period End Date | 2024-07-21 Corresponding to 1446-01-15 |
New Shares Subscription Period End Date | 2024-07-24 Corresponding to 1446-01-18 |
Trading Right Issues and Subscription to New Shares | Right holders may exercise their subscription right, in whole or in part, to the new shares in proportion to the rights existing in their portfolios. For registered shareholders and new investors, trading of the rights and subscription to the new shares shall be pursuant to the details set forth in 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 underwriter "Alinma investment" will underwrite the new shares which remain unsubscribed for after the rump offering. |
Notification for Investors not Willing to Subscribe | Investors who do not wish to subscribe should note the importance of selling their rights during the specified trading period; so as not be exposed to a loss in the value of their investment portfolios as a result of not benefiting from their rights by 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 | Eligible shareholders are those who own shares at the end of the trading day of the Extraordinary General Assembly and whose names appear in the Company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the Extraordinary General Assembly which was held on 02/01/1446H (corresponding to 08/07/2024G). 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. In the event of any inquiries, kindly contact the Shareholder Relations Department on Tel.: 013-8822130 or by e-mail: share@ayyan.com.sa |
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.