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East Pipes Integrated company for Industry announces depositing the proceeds resulting from the sale of fractional shares related to capital increase to the Eligible Shareholders’ Accounts.

Element ListExplanation
Action Type Increase
Introduction East Pipes Integrated company for Industry announces the distribution of proceeds to eligible shareholders from the sale of fractional shares in connection with the Company’s issuance of one bonus share for every two shares held by shareholders as approved by the extraordinary general assembly (first meeting) held on Wednesday 23/03/1444H Corresponding to 19 /10/ 2022.
Fractional Shares Selling End Date 2022-10-25 Corresponding to 1444-03-29
Number of Sold Shares 8102
Fractional Shares Sales Revenue 387,364.70 SAR
Average Selling Price per share 47.83
Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors 2022-11-16 Corresponding to 1444-04-22
Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue The proceeds from the sale of the fractional shares will be deposited to shareholders’ bank accounts linked to their investment portfolios. If the due amounts are not received after the deposit date as well as any other inquiries regarding the proceeds of selling the fractional shares, please contact Investor Relations Section using the following link

IR@eastpipes.com

Tel: 86146704 -013

www.eastpipes.com

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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