IssuerAnnouncementDetailsV2Portlet
Jamjoom Pharmaceuticals Factory Co. Announces Board recommendation to buy-back its Shares
Element List | Explanation |
---|---|
Introduction | Jamjoom Pharmaceuticals Factory Company announces the Board of Directors' recommendation to purchase its shares with a maximum of 100,000 shares to retain them as treasury shares and allocate them to the employees’ long-term incentive program |
Board of director’s recommendation date | 2025-05-13 Corresponding to 1446-11-15 |
Purpose of Purchase | To retain them as treasury shares |
Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | To retain them as treasury shares and to allocate them to the employees’ long-term incentive program. |
Number of Shares to be Bought | 100000 |
Shares Class and type | Ordinary shares |
Method of Financing the Purchasing Process | The purchase will be from the Company's internal cash resources |
Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 0% |
Approvals and Meeting the Conditions of Financial Appropriateness | Extraordinary General Assembly Approval must be Obtained for the shares buy-back transaction, also financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled |
Voting Right | Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
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.