Logo of Batic Investments and Logistics Co.
Batic Investments and Logistics Co.’s rights issue was 84.9% covered, as subscribers injected SAR 254.7 million in 25.47 million new shares, the company said in a bourse filing.
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Rights Issue Details |
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Number of rights issue shares |
30 mln |
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Number of subscribed shares |
25.47 mln |
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Subscription value |
SAR 254.7 mln |
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Coverage ratio (%) |
84.90% |
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Number of rump shares |
4.53 mln |
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Rump offer period |
Dec. 28-29, 2021 |
The rump shares will be offered to a number of institutional investors, provided that such institutions bid for these shares.
Rump shares will be allocated first to the institutional investors with the highest bids, provided that they are not less than the offer price. The shares will be allocated proportionately to the institutional investors submitting the same offer.
If shares remain unpurchased by institutional investors, they will be allocated to the underwriter who will purchase them at the offer price.
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