Logo of Sure Global Tech Co.
Sure Global Tech Co.’s shareholders will vote on a 50% capital increase during the extraordinary general meeting (EGM) slated for Nov. 13, 2023, according to a statement to Tadawul.
Shareholders will discuss a capital hike from SAR 51.30 million to SAR 76.95 million through a bonus issue.
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Capital Increase Details |
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Current Capital |
SAR 51.30 mln |
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No. of Shares |
5.13 mln |
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Percentage of Increase |
50% (One bonus share for every two existing shares) |
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Method |
Bonus Issue |
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New Capital |
SAR 76.95 mln |
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New Capital |
7.69 mln |
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Reasons |
To support strategic growth and financial position |
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Method |
Capitalizing SAR 25.65 mln from retained earnings |
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Record Date |
Nov. 13, 2023 (Shareholders of record and shareholders registered with Edaa on the second trading day following the EGM) |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at the market price pro rata in 30 days maximum.
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