Lazurde remaining rights issue shares 1,550% oversubscribed

27/06/2021 Argaam

Logo of Lazurde Company for Jewelry

Lazurde Company for Jewelry announced the results of the rump offering and the final allocation of rights issue shares, with a coverage ratio of 1,550%, according to a bourse statement.

 

Rights Issue Coverage

Number of Remaining Shares Sold

1.72 mln shares

Total Proceeds

SAR 37.45 mln

Coverage Ratio

1,550%

Average Price

SAR 21.75/share

Net Compensation for Rights & Fractional Shares Holders 

SAR 20.23 mln

Date of Depositing Shares in Shareholders' Accounts

June 30, 2021
 

The company's rights subscription period ended on June 17. The subscription started on Monday, June 7, to increase the company’s capital from SAR 430 million to SAR 575 million, through a rights issue of 14.5 million shares at SAR 10 per share, Argaam earlier reported.

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