Lana EGM approves stock split to SAR 1/shr

Lana Medical Co.’s shareholders decision came during EGM on Nov. 12

Lana Medical Co.’s shareholders approved the board's recommendation to adjust the stock’s par value from SAR 10 to SAR 1 per share, during the extraordinary general meeting (EGM) held on Nov. 12.

 

In a statement to Tadawul, the company confirmed that there will be no change to its capital before or after the planned stock split.

 

Stock Split Details

Current Capital

SAR 54 mln

Current Number of Shares

5.4 mln

New Number of Shares

54 mln

Current Par Value

10 mln

New Par Value​

SAR 1
 

In a separate statement, the Saudi Exchange (Tadawul) announced Lana fluctuation limits for today, Nov. 13 will be based on a share price of SAR 2.87, and the outstanding orders will be canceled. 

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