Sadr Logistics says rump offering 7,011% oversubscribed
26/12/2021
Argaam
Logo of Sadr Logistics
Sadr Logistics Co. announced that the rump offering was 7,011% oversubscribed, according to a bourse filing.
|
Offering Details |
|
|
Number of Shares Sold |
172,471 |
|
Total Proceeds from Selling Rump Shares |
SAR 18.36 mln |
|
Coverage Ratio (%) |
7,011% |
|
Average Share Price |
SAR 106.44/share |
|
Net Compensation for Rights & Fractional Shares Holders |
SAR 16.63 mln |
|
Date of Depositing Shares in Shareholders Accounts |
Dec. 30, 2021 |
The period of subscribing to the company's rights shares ended on Dec. 16, 2021, according to Argaam's data.
Subscription period started on Dec. 6, to increase the company’s capital from SAR 25 million to SAR 175 million, through a rights issue of 15 million shares at SAR 10 each.
Related News
| Sadr Logistics rights issue 98.85% subscribed |
| Sadr Logistics’ rights subscription period ends today |
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