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Saudi Paper Manufacturing Co. (SPM) announced the results of rump offering and the final allocation of its rights issue shares, with a coverage ratio of 433.1%, according to a bourse statement.
|
Rights Issue Coverage |
|
|
Total offered shares |
10 mln shares |
|
Number of remaining shares |
596,414 shares |
|
Date of remaining shares offering |
Dec. 29-30, 2020 |
|
Number of shares sold |
596,414 shares |
|
Coverage ratio |
433.1% |
|
Proceeds from remaining shares sale |
SAR 32.46 mln |
|
Average sale price |
SAR 54.43/share |
|
Net compensation for Rights & Fractional Shares Holders |
SAR 26.50 mln |
|
Date of depositing shares in shareholders' account |
Dec. 7, 2021 |
On Dec. 27, SPM announced the results of rights issue trading, noting that more than 9.4 million shares were subscribed, valued at SAR 94.04 million, from the offer of 10 million new shares, according to data compiled by Argaam.
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