IssuerAnnouncementDetailsV2Portlet
Correction announcement from Aqaseem Factory for Chemicals and Plastics Co. in regard to its announcement of the Board of Directors’ recommendation to increase the company’s capital by issuing shares and allocating treasury shares
Element List | Explanation |
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Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2025-01-16 Corresponding to 1446-07-16 |
Hyperlink to the Previous Announcement | Click Here |
Incorrect statements in the previous announcement | Introduction: Aqaseem Factory for Chemicals and Plastics Co. announces the recommendation of its Board of Directors in its meeting dated 07-16-1446 corresponding to 01-16-2025 to the Extraordinary General Assembly to increase the company's capital from 25,000,000 Saudi Riyals to 37,500,000 Saudi Riyals by capitalizing part of the retained earnings, and allocating 10% of the company's capital as treasury shares. The recommendation will be voted on by the upcoming Extraordinary General Assembly, which will be announced later after obtaining the necessary regulatory approvals. Number of Shares Granted per Exiting Share: 1 share for every 2 shares Eligibility Date: Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
Correct Statement | Introduction: Aqaseem Factory for Chemicals and Plastics Co. announces the recommendation of its Board of Directors in its meeting dated 16-07-1446 corresponding to 16-01-2025 to the Extraordinary General Assembly to increase the company's capital from 25,000,000 Saudi Riyals to become 37,500,000 Saudi Riyals by capitalizing 12,500,000 Saudi Riyals as part of the retained earnings, and the details of the increase are as follows: 1- Distributing 8,750,000 shares as bonus shares to shareholders at a rate of 0.35 shares for every 1 share. 2- Allocating 3,750,000 shares as treasury shares to be used for the purposes for which they are designated. The recommendation will be voted on by the upcoming Extraordinary General Assembly, which will be announced later after obtaining the necessary regulatory approvals. Number of shares granted for each share: 1- Distributing 8,750,000 shares as bonus shares to shareholders at a rate of 0.35 shares for every 1 share owned by the shareholder, which is equivalent to 7 shares for every 20 shares owned by the shareholder. 2- Allocating 3,750,000 shares for the purposes for which they are allocated. Eligibility date: Regarding bonus shares for shareholders: Eligibility shall be for shareholders who own shares on the due date and are registered in the issuer's shareholder register at the Depository Center at the end of the second trading day following the due date |
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.