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Riyadh Cables Group Co. Announce the Result of Purchase for it’s Shares ( Phase Two )
4142
RIYADH CABLES
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1445/05/23 07/12/2023 08:04:23
| Element List | Explanation |
|---|---|
| Introduction | Based on Extraordinary General Assembly approval on 20 June 2023, announced on Tadawul's website on 21 June 2023, Riyadh Cables Group Co. announces the completion of phase two of the company's purchase of its shares To retain them as treasury shares for the purpose of allocating them to the Employee Long-Term Stock Incentive Plan, during the period 31-10-2023 to 30-11-2023. |
| Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website | 2023-06-21 Corresponding to 1444-12-03 |
| Purchase Period | within a period of 12 months from the date of Extraordinary General Meeting Approval. |
| Number of the Purchased Shares | 252500 |
| Value of the Purchased Shares | 18,893,066.14 |
| Average Purchase Price Per Share | 74.82 |
| Additional Information | As a result of the above shares purchases, Riyadh Cables Group Co. currently holds (282,500) treasury shares with average share price of SAR 74.68 These shares purchases are not expected to have any material financial impact on the company's financial results. |
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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