Tuesday, 16 July 2024

Shams announces start of priority rights trading period and subscription to new shares .. Thursday

FacebookTwitterWhatsAppTelegram

اقرأ المزيد

Tourism Enterprise Company (Shams) announced on Tuesday the period specification for rights issue trading and new shares subscription.
The right issues and new shares subscription period start date is 24/11/2022. The right issues trading period end date is 01/12/2022. The new shares subscription period end date is 06/12/2022.
Holders of right Issues are allowed to exercise their right to subscribe in new shares (in full or in part) up to the number of right issues available in their portfolios, trading in right issues and subscription to new shares for registered shareholders and new investors shall be as per the prospectus
Concerning the details of the remaining offering, the company would like to alert the investors that if shares remain unsubscribed, those remaining shares and fractional shares (if any) will be offered to institutional investors according to what is mentioned in the prospectus, as will the Co-underwriters, who is mentioned in the prospectus, will underwrite the new shares which remain unsubscribed for after the rump offering
The attention of Investors not willing to subscribe is drawn to the importance of selling the right issues they hold during the specified trading period to avoid the resulting decline in the value of their investment portfolios as a result of not benefiting from their rights, whether by way of sale or subscription.
Eligible shareholders are those who own shares at the end of the trading day of the Extraordinary General Assembly and whose names appear in the Company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the Extraordinary General Assembly which was held on 20/11/2022.

Related



More