Saudi Cable Company Announces the Results
of Rights Issue Trading and New Shares Subscription, and the details of
Selling Unsubscribed Shares.
Total number
of subscribed shares from the total number of new offered shares
The total subscribed shares number of (14,440,193) share from
the total new offered shares number of (25,000,000) share.
Value of the
subscribed shares
(144,401,930) Saudi Riyal
Coverage Percentage
57.76%
The
remaining offering mechanism
The remaining
shares will be offered to a number of investors of institutional character,
provided that these Subscribers must submitting offers to buy the remaining
shares, and the remaining shares will be allotted to investment institutions
through giving priority to the higher price offer and then the lowest and
lowest (provided that it does not fall below the offering price), whereas, shares
are allotted on pro rata basis to the investment institutions that provide the
same offer. And in the event that the shares are unsubscribed by the
investment institutions, then these shares shall be allotted to the
Underwriter who will buy it under the offering price.
The start
date of the remaining offering
26/05/1441, corresponding to 21/01/2020
End date of the remaining offering
27/05/1441, corresponding to 22/01/2020
Specify the hours for the remaining
offering
The offering period for the
remaining unsubscribed shares, number of (10,559,807) share, starts on
Tuesday, 26/05/1441 (corresponding to 21/01/2020) at 10:00 am, and will end
up on Wednesday, 27/05/1441 (corresponding to 22/01/2020) at 05:00pm.
