Headquarters of Saudi Arabian Amiantit Company
Saudi Arabian Amiantit Co. announced the results of rump offering and the final allocation of its rights issue shares, with a coverage ratio of 602.8%, according to a bourse statement.
The following table illustrates the details of the rump offering:
|
Rights Issue Coverage |
|
|
Total offered shares |
12 mln shares |
|
Number of remaining shares |
1.38 mln shares |
|
Date of remaining shares offering |
Dec. 22-23, 2020 |
|
Number of shares sold |
1.38 mln shares |
|
Coverage ratio |
602.8% |
|
Proceeds from remaining shares sale |
SAR 29.88 mln |
|
Average sale price |
SAR 21.71/share |
|
Net compensation for rights issue owners and fractional shares |
SAR 16.12 mln |
|
Date of depositing shares in shareholders' account |
Dec. 31, 2020 |
On Dec. 20, Amiantit announced the results of rights issue trading, noting that more than 10.6 million shares were subscribed, valued at SAR 106.23 million, from the offer of 12 million new shares, according to data compiled by Argaam.
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