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AYYAN Investment Company Announces the Results of Right Issues Trading and New Shares Subscription and the Details of the Rump Offering
| Element List | Explanation |
|---|---|
| Introduction | AYYAN Investment Company (the “Company”) announces the results of right issues trading and new shares subscription, as well as the details of the rump offering. |
| Total Number of Subscribed Shares out of the total Number of New Offered Shares | A number of (16,957,779) shares were subscribed for from the total of the 20,000,000 new shares. |
| Value of the Subscribed Shares | SAR 169,577,790 |
| Coverage Percentage out of Total New Offered Shares (%) | 84.79 % |
| Remaining Offering Mechanism | Rump shares will be offered to a number of institutional investors (the “Institutional Investors”) who will submit purchase offers for the rump shares. The shares will be allocated to Institutional Investors with the highest offer to the lowest (provided that it is not less than the offer price), with shares being allocated on a proportional basis among those Institutional Investors that have tendered offers at the same price. If the Institutional Investors do not subscribe in all of the rump shares, the remaining unsubscribed shares will be allocated to the underwriter "Alinma Investment" who will subscribe in it for the offer price. |
| Remaining Offering Start Date | 2024-07-29 Corresponding to 1446-01-23 |
| Remaining Offering End Date | 2024-07-30 Corresponding to 1446-01-24 |
| Specification of the Remaining Offering Period Hours | The rump offering period for the unsubscribed shares amounting to (3,042,221) shares will start at 10:00AM on Monday 23-01-1446H (Corresponding to 29-07-2024G) and continues until 5:00PM on Tuesday 24-01-1446H (Corresponding to 30-07-2024G).. |
| Additional Information | 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.
Share
Company Performance
Key Parameters
Last Price 10.74
Net Change 0.15 (+1.42%)
Value Traded (Sar) 6,619,512.24
Volume Traded 623,068
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