AI Summary
Shaker shareholders recently approved a 22% capital hike
The Securities Depository Center Co. (Edaa) implemented a securities quantity increase for Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) in the accounts of eligible shareholders today, Jan. 13, according to a statement to Tadawul.
Shaker shareholders recently approved a board recommendation to raise capital by 22% from SAR 555 million to SAR 677.1 million via a bonus issue and allocating some shares to the employee stock program, as follows:
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Capital Increase Details |
|
|
Current Capital |
SAR 555 mln |
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Current No. of Shares |
55.5 mln |
|
Proposed Increase |
22% |
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Method |
Capitalizing SAR 122.1 mln from retained earnings account |
|
Bonus Shares |
11.1 mln (1-for-5 bonus share issue, or 16.39% of post-increase capital) |
|
Treasury Shares |
1.11 mln (1.64% of post-increase capital) |
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New Capital |
SAR 677.1 mln |
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New No. of Shares |
67.71 mln |
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Record Date |
Shareholders of record and registered with the Edaa at the end of the second trading day after the record date |
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