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Qassim Cement Company announces the deposit of the proceeds of the fraction shares sale resulting from the Company’s capital increase in the accounts of the entitled shareholders
3040
QACCO
0.89
%
1446/01/02 08/07/2024 08:03:53
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Qassim Cement Company (“QCC” or the “Company”) on the Saudi Exchange’s website on 07/12/1445H (corresponding 13/06/2024G) regarding the completion of the procedures of the acquisition of Hail Cement Company (“HCC”) and the deposit of the Company’s consideration shares to the entitled HCC shareholders (“Entitled Shareholders”), the Company is pleased to announce the completion of the fraction shares sale process and the deposit of the proceeds of the sale in the accounts of the Entitled Shareholders. |
| Share’s Fractions Sale Completion Date | 2024-06-25 Corresponding to 1445-12-19 |
| Number of Sold Shares | 17103 |
| Share’s Fractions Selling Returned Amount | 980,048.54 |
| Average Selling Price per share | 57.30 |
| Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | 2024-07-04 Corresponding to 1445-12-28 |
| Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | The proceeds of fraction shares sale will be deposited by Rajhi Bank in the bank accounts of Entitled Shareholders which is linked to their portfolios. In the event that the due amounts are not received after the deposit date or for any other inquiries regarding the fractional share sale process, please contact the company's shareholder relations via email (masood@qcc.com.sa) and the number (0163160026) or (0163165513). |
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 50.95
Net Change 0.45 (+0.89%)
Value Traded (Sar) 2,266,265.6
Volume Traded 44,800
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