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The Board of Directors of Lana Company recommends increasing the capital by granting free shares
| Element List | Explanation |
|---|---|
| Introduction | The recommendation of the Board of Directors of Lana Company to the Extraordinary General Assembly, which will be held later after obtaining the approval of the official authorities, to increase the company’s capital after obtaining the approval of the Capital Market Authority, as follows: A - Increasing the company’s capital from 36 million riyals to 54 million riyals, an increase of 50%, bringing the number of company shares from 3,600,000 million shares to 5,400,000 million shares, by granting a free share for every two outstanding shares owned by shareholders. B- The value of the capital increase is paid using retained earnings. T - The eligibility for the bonus shares will be for shareholders registered with the Securities Depository Center (Tadawul) at the end of the trading day on which the extraordinary general assembly will be held later after obtaining the approval of the official authorities. |
| Date of Board Meeting | 2024-07-21 Corresponding to 1446-01-15 |
| Capital before increase | 36,000,000.00 |
| Capital after increase | 54,000,000.00 |
| Percentage of Capital increase | 50 % |
| Number of shares before Capital increase | 3600000 |
| Number of shares after Capital increase | 5400000 |
| Reasons for the increase | The capital increase comes within the company's plan to provide part of the financing requirements for the company's current, future and expansion projects |
| Number of Shares Granted per Exiting Share | By granting one free share for every two outstanding shares owned by shareholders |
| Nature and Value of Reserves Used in the Capitalization | The capital increase is paid using retained earnings |
| Eligibility Date | Eligibility for the bonus shares will be for shareholders registered with the Securities Depository Center (Tadawul) at the end of the trading day on which the Extraordinary General Assembly will be held later after obtaining the approval of the official authorities. |
| Fractional Shares | It will be dealt with in accordance with the regulations and procedures issued by the Capital Market Authority and Tadawul |
| Approvals | The Extraordinary General Assembly, which will be held later after obtaining the approval of the official authorities, to increase the company’s capital after obtaining the approval of the Capital Market Authority |
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.
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Last Price 33.2
Net Change 2.8 (+9.21%)
Value Traded (Sar) 743,067.6
Volume Traded 22,690
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